Plano-based parking software and payments firm TEZ Technology announced today it has appointed industry veteran Mike Simmons to CEO.
Simmons previously founded and scaled parking technology provider T2 Systems as its CEO. He will be responsible for expanding its North American operations while also leading its growing international footprint.
TEZ, whose customers include hospitality, retail, restaurants, health care, Class-A office, mixed-use, residential, sports and entertainment, university, and municipal clients, is a portfolio company of Austin-based Tritium Partners, a private equity firm focused on technology and services companies.
Concurrently, the TEZ announced that founder and former CEO Ken Lovegreen will become vice chairman and Chief Innovation Officer. Lovegreen will work closely with Simmons and other key stakeholders to set the company's future vision, focusing his time and expertise on key strategic initiatives, including the advancement of cutting-edge innovation and product enhancements for the benefit of TEZ clients.
"TEZ is leading the way in app-free innovation during this transformational time in the parking and mobility industry. We are pleased to combine Mike's operational expertise and demonstrated leadership capacity with Ken's unwavering commitment to innovation as a passionate 'Idea Guy.' I am very excited to have two proven industry thought leaders and subject matter experts working side-by-side with the TEZ board as we tackle new opportunities and expansion plans," Matt Bowman, Managing Partner at Tritium Partners, said in the release.
Simmons is a 30-year parking industry technology veteran who joined TEZ in 2021 as its executive chairman to work closely with management on strategy, operating plans, and organizational structure.
"My continued interest in technological innovation in the parking and mobility industry led me to TEZ, where Ken and a team of innovators had been transforming the industry through modern, app-free, hardware-light solutions since 2011. I believe our app-free approach and functionality make it easy for customers to access and make payments in multiple venues, including self-park and valet operations. I am extremely pleased to be working with Ken and the entire TEZ team as we increase utilization and adoption of the TEZ suite of solutions," Simmons said in the release.
"With the rapid adoption of contactless payments for consumer transactions in public and private-sector parking and mobility operations, TEZ is perfectly positioned as the app-free innovator. I look forward to continued collaboration with our leadership, research and development teams, and industry partners as we capitalize on TEZ's core differentiators to fuel our growth," Lovegreen said in the release.
