Trackforce Valiant, a provider of security workforce management solutions, announced the acquisition of TrackTik Software.
TrackTik was founded in 2013 in Montreal and provides solutions to over 35 countries.
“We are very excited to welcome TrackTik into the Trackforce Valiant family,” said Trevor Campion, CEO of Trackforce Valiant in a statement. “Now more than ever, we believe in the importance of providing the right security solutions for companies of all sizes and business needs. The addition of TrackTik enables us to provide a wide range of technology options that are purpose-built for the unique needs of physical security operations.”
“The physical security market continues to grow, and with that so does the need for solutions that can grow with them,” said Simon Ferragne, CEO of TrackTik. “This acquisition positions us as the dominant leader for security workforce technology, and we are thrilled to work together to continue our mission to build innovative, leading-edge solutions for our customers.”
Both companies will continue to maintain operations with Trevor Campion overseeing the combined organization as CEO, and Ferragne entering the role of CTO.
Ferragne and TrackTik’s investors, CDPQ Investissements, Georgian, Klass Capital, Inovia Capital, Intercap, and Schauer Ventures have reinvested a portion of their proceeds in the newly combined entity to help foster continued growth in the company.
TrackTik will continue to operate and maintain its presence in Quebec. Trackforce Valiant and TrackTik will collaborate on developing security solutions that include time and labour management, guard touring, incident management, dispatch and mobile patrol, as well as billing and payroll management.
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