Trackimo

Company Overview

Snapshot

Founded in July 2013 by Shai Bar-Lavi, Amit Shaked, and Shlomo Shur, Trackimo operates with 11–50 employees. The company specializes in tracking solutions and in October 2022, Helium Ventures agreed to acquire Vestigo Technologies, the parent company of Trackimo.

Business overview

Trackimo is a provider of end-to-end tracking and safety solutions, leveraging its proprietary global IoT platform. The company develops both hardware and software to offer personal safety and tracking services, catering to over 500,000 consumers and more than 50 enterprise clients globally. Operating within the Automotive & Mobility Technologies sector, Trackimo's offerings cover a wide array of applications, emphasizing flexibility and scalability for diverse business needs.

Strategic signal

In October 2022, Helium Ventures agreed to acquire Vestigo Technologies, Trackimo's parent company, with further updates in May 2023 indicating the deal was progressing and Vestigo would delist from Aquis. This signals a significant strategic shift for Trackimo, potentially leading to new investment, expanded market reach, or integration into a larger corporate structure, which could accelerate its growth and product development within the IoT tracking market.

Company Intelligence Q&A

What was a significant corporate development for Trackimo in late 2022?

In October 2022, Helium Ventures agreed to acquire Vestigo Technologies, the parent company of Trackimo. This indicates a major ownership change and strategic direction for the company.

What was the status of the Vestigo Technologies acquisition by Helium Ventures in May 2023?

In May 2023, Helium Ventures announced that the deal to acquire Vestigo Technologies was progressing, with plans for Vestigo to delist from Aquis. This confirmed the continued advancement of the acquisition process.

What was a key market expansion for Trackimo in early 2021?

In January 2021, Trackimo was set to launch operations in Bahrain, marking an expansion of its global presence and market reach in the Middle East.

Which major telecommunications company partnered with Trackimo for distribution in the U.K.?

In January 2019, Vodafone began distributing Trackimo's GPS trackers in the U.K., significantly expanding the availability of Trackimo's products through a major telecommunications channel.

When did Trackimo launch its products in North America?

In January 2015, Trackimo launched its products in North America at CES, introducing its tracking solutions to a key market.