Trackforce, a leader in physical security software and technology solutions, announced today the closing of a $7.4 million strategic growth investment from Five Elms Capital. The investment will allow Trackforce to further enhance its product offering, accelerate global expansion, and expedite new feature development, according to Trackforce CEO, Guirchaume Abitbol.
Trackforce is the leading SaaS provider of operations management tools for security guards, integrating mobile security guard management, incident reporting, workforce optimization, and field reporting. The company's GuardTek platform includes a combination of web-based and mobile applications to connect mobile guards, stationary guards, and security managers, improving visibility into overall security operations. The GuardTek software suite is currently used by more than 80,000 users at over 8,000 sites in 28 countries.
As the market leader in Europe, Trackforce has been adopted by a number of highly sensitive sites and high profile clients (Brink's, Bayer, Chanel, Indigo, G4S, and Fnac among others). The company has since expanded into North America and is trusted by large customers including Whelan Security, McGill University, and SecurAmerica.
'Trackforce has changed how physical security services are managed, providing transparency into operations, and allowing for dramatically faster response times to incidents,' Abitbol added. 'With global threats on the rise, the security market is at a key inflection point where best-in-class technology will ensure the highest level of quality, service, and protection.'
'Trackforce has built a best-in-class platform that changes the way security professionals manage their operations,' said Joe Onofrio, Managing Director at Five Elms Capital. 'The team's innovative technology, industry knowledge, and best-in-class customer service have driven strong growth over the last 10 years; we look forward to working with the team to expand on the success achieved to date.'
About Trackforce
Trackforce is a leader in physical security software and technology solutions. For over 15 years, Trackforce has provided fully integrated security solutions to its partners and customers. Trackforce is dedicated to the development of cloud and mobile-based security management software systems. Thanks to its security expertise and the use of state-of-the-art information systems technology, Trackforce proudly offers the most effective solutions available on the market. The company has over 1,000 customers including the world's leading security guard service providers, major airports, universities, and corporations across the globe. Additional information is available at www.trackforce.com.
About Five Elms Capital
Five Elms Capital is a leading growth equity firm that invests in fast-growing companies outside of Silicon Valley. Five Elms partners with growing, founder-owned software and services businesses, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit www.fiveelms.com.