# TrackTik Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tracktik-software

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.tracktik.com
- Total disclosed funding: $8.1M
- Latest round: Series A (Oct 17, 2017)
- Investors on record: 3

## About

TrackTik Software Inc. is a Montreal-based provider of security workforce management solutions, enhancing operational efficiency for security firms through innovative technology and centralized management tools.Founded in 2013 in Montreal, Canada, TrackTik Software Inc. specializes in security workforce management solutions. The company was acquired by Trackforce Valiant Communication, Inc. in June 2022 from Klass Capital, Inovia Capital, CDPQ, and Georgian. Following the acquisition, Trevor was appointed as CEO of the combined organization, while Simon Ferragne continues as CTO of TrackTik. The company has completed five deals, with the most recent occurring on June 29, 2022, and has raised a total of CAD 45.00 mn, primarily from the latest funding round which was also CAD 45.00 mn, with investors including CDPQ and Georgian.TrackTik, as part of Trackforce, provides a comprehensive suite of security workforce management solutions aimed at enhancing operational efficiency for security firms and corporate security operations. Their core offerings include the TrackTik Command Center, which centralizes security operations, streamlines incident reporting, and enhances team communication. The platform captures real-time data related to security operations, enabling users to identify incidents, gain insights into officer activities, and improve overall corporate safety culture. TrackTik's solutions are utilized by a diverse clientele, including security agencies, educational institutions, healthcare facilities, and property management companies across North America, Europe, and Australia, addressing challenges associated with manual processes such as employee scheduling, payroll, and reporting.TrackTik generates revenue primarily through a subscription-based model that provides clients access to its comprehensive suite of services. These subscriptions facilitate ongoing use of the platform, which includes features for scheduling, incident reporting, and analytics. Clients typically enter into contractual agreements that may include annual renewals, with pricing structures tailored to the specific needs of organizations based on the scale of deployment and the features selected. The company targets B2B transactions, primarily working directly with security firms and corporate clients, delivering significant value and cost savings to its users, fostering long-term relationships that contribute to revenue stability and growth.In the wake of the acquisition by Trackforce Valiant Communication, Inc., TrackTik plans to enhance its product offerings by integrating time and labor management, guard touring, incident management, dispatch and mobile patrol, as well as billing and payroll management into its platform. The company is focusing on expanding its market presence, particularly in North America and Europe, by leveraging the recent investment of CAD 45.00 mn to support these initiatives and further innovate its security solutions. With these strategies, TrackTik aims to increase its footprint in existing markets and explore new geographic regions by the end of 2023.

## Funding rounds

- Series A, Oct 17, 2017, $5.6M — Inovia Capital, CDPQ
- Seed, Apr 23, 2015, $1.5M — Inovia Capital, Klass Capital
- Seed, Apr 2, 2014, $1M — Klass Capital

## Investors

- Klass Capital (https://capitalatlas.ai/funds/klass-capital) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed, Series A
- CDPQ — Series A