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 recently saw its parent company, Vestigo Technologies Ltd, become the subject of an acquisition by Helium Ventures PLC, with the deal progressing in May 2023.

Business overview

Trackimo specializes in end-to-end tracking and safety solutions, leveraging its global IoT platform to serve over 500,000 consumers and more than 50 enterprise clients. The company develops its own hardware and software, offering flexible and scalable solutions across various applications. Trackimo operates within the Automotive & Mobility Technologies sector, focusing on smart mobility, and serves markets including personal safety, fleet management, and asset protection.

Strategic signal

In May 2023, Helium Ventures PLC announced that its acquisition of Trackimo's parent company, Vestigo Technologies Ltd, was progressing, with final terms expected soon. This development signals a strategic consolidation within the IoT tracking market, indicating a potential for expanded reach and resources for Trackimo under new ownership, particularly with Helium Ventures' plans to delist from AQSE and seek a London Stock Exchange listing.

Company Intelligence Q&A

What was the significant corporate development involving Trackimo's parent company in 2023?

In May 2023, Helium Ventures PLC announced that the acquisition of Trackimo's parent company, Vestigo Technologies Ltd, was progressing, with final terms expected to be agreed upon shortly. This acquisition was planned to be funded through the issuance of shares worth GBP1.7 million.

When did Helium Ventures plc initially agree to acquire Vestigo Technologies, including Trackimo?

In October 2022, Helium Ventures plc agreed to acquire. The transaction involved the issuance of ordinary shares in Helium Ventures, valuing the existing ordinary shares at £1.684 million.

What new product did Trackimo's owner, Helium Ventures, launch under a license agreement?

Helium Ventures, the company that acquired Trackimo's parent company, recently launched a new product called NickWatch, a connected smartwatch for kids, under a license agreement with Nickelodeon.

What were Trackimo's expansion plans in the Middle East in 2021?

In January 2021, Trackimo announced plans to expand its operations in Bahrain and across the wider region, aiming to build relationships with local mobile operators and replicate its international business model.

What product did Trackimo launch at GITEX Technology Week in December 2020?

In December 2020, Trackimo launched the world's smallest baby car-seat GPS tracker, Trackimo Universal 3G, at the GITEX Technology Week in Dubai. The company also announced plans to set up an office in Dubai in the following months.