Houlihan Lokey Advises TrackTik Software

Houlihan Lokey is pleased to announce that TrackTik Software (TrackTik) has been acquired by TrackForce Valiant, a portfolio company of K1 Investment Management, LLC (K1). The combination creates an industry-leading workforce management software platform that serves the security industry. The transaction closed on June 23, 2022.

TrackTik provides a leading cloud-based workforce management solution in the physical security industry. Headquartered in Montreal, with offices in the U.K. and a presence in various provinces in Canada and the Netherlands, TrackTik serves 780 customers in more than 35 countries. TrackTik quickly established itself as a market leader with the mission to seamlessly connect humans, workflows, and systems to deliver a better way of working to the physical security workforce. TrackTik’s integrated suite of automated tools fluidly connects frontline operations and back-office management, allowing managers to follow the progression of field workers, reduce manual tasks, lower cost, glean actionable insights from data to demonstrate value, promote operational efficiency, and boost productivity, job satisfaction, and retention.

Trackforce Valiant is a leader in complete security workforce management solutions. More than 300,000 professionals at over 30,000 customer sites in 45 countries use Trackforce Valiant every day to ensure the delivery of reliable security services, improve operational efficiency, and optimally manage their human capital. For nearly 30 years, Trackforce Valiant has provided fully integrated security solutions to its partners and customers. Thanks to its security expertise and state-of-the-art information systems technology, Trackforce Valiant proudly offers the most effective solutions available on the market. Clients include the world’s leading security guard service providers, as well as major airports, universities, and corporations across the globe.

As a result of this new venture, physical security companies can now leverage the combined best practices of two leading security workforce management providers, providing multiple options for how they can manage security operations. Additionally, the joint technology teams of Trackforce Valiant and TrackTik will enable the company to further innovate and enhance their solutions beyond any other software provider in the industry.

“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.”

Houlihan Lokey served as the exclusive financial advisor to TrackTik and assisted in marketing, structuring, and negotiating the transaction on behalf of the company.