Montreal’s TrackTik Announces $7-Million Investment to Accelerate Growth, Expand Internationally

unknown

On the heels of two-year record revenue growth of 826 percent, Montreal tech startup TrackTik Inc., developer of a first-of-its-kind security workforce management platform, today announced $7 million in financing from Caisse de dépôt et de placement du Québec (la Caisse) and iNovia Capital. Funds will be used to fuel new market growth, ongoing product development, and the hiring of up to 70 employees as the company further positions itself to be the global leader in workforce management for the security guard space. false false false As the security industry’s only all-in-one solution, TrackTik’s enterprise software approach delivers all of the mission-critical components required to run a professional security service firm on a single integrated platform, including real-time guard management and incident reporting, back office financial and administrative functions, and business intelligence. In recognition of its rapid growth, the company was recently awarded the Startup Canada Global Entrepreneurship Award for the Quebec Region and was named No. 15 on the 2017 STARTUP 50 ranking of Canada’s Top new Growth Companies by Canadian Business and PROFIT 500. false false false According to Ferragne, in addition to hiring international staff, the company is aggressively hiring to double its Montreal team, which includes positions in R&D, sales, support and customer success. TrackTik’s main focus will be continued product development in the areas of artificial intelligence and mobility, providing trend analysis to help clients cut overhead, reduce staff overtime and run leaner, more responsive operations. false false false A pioneer in developing mobile and web-based software to manage and coordinate security personnel for both security companies and corporations, TrackTik is the leading software in the industry. For Champion National Security, a Houston, Texas-based, privately-owned provider of armed and unarmed guards, the platform delivers unprecedented visibility into everyday activities, giving branch-level managers a proactive tool to solve costly operational issues such as overtime on the fly, and generating thousands of dollars in savings each week, according to Champion National Security Vice-President Jason Carroll. false false false About TrackTik TrackTik’s integrated security operations management software is the industry’s only all-in-one platform offering security service companies complete control of every aspect of their business. TrackTik saves customers time and money by enabling them to access insight, streamline operations, and improve business development through easy-to-use mobile and web-based technology, customized implementation and technical support, and a personalized sales toolbox. TrackTik has become the No. 1 software for security experts by driving efficiency and growth through automation and accurate data. For details, visit tracktik.com. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. About d’iNovia iNovia is an early stage venture capital firm that invests in category-defining technology startups. Epic companies are forged by exceptionally qualified founders; iNovia supports these remarkable individuals with custom playbooks for attracting talent and scaling efficiently. Together we perfect the craft of building digital platforms and services that transform old industries and push technology frontiers. iNovia manages $500M across three funds and invests across Canada and the United States. For more information, visit inovia.vc.