Real Time Location Systems

Real Time Location Systems enhances logistics efficiency through intelligent integration of existing vehicles and software. Their solutions optimize inventory management and streamline warehouse workflows for various industries. Real Time Location Systems, founded in 2013, is based in Dublin, Ireland. The company focuses on providing innovative solutions for supply chain operations without any noted pivots or changes in strategy.

The firm has completed 2 deals, with the most recent being on July 4, 2016. The CEO is Mark Smillie, who leads the company in its mission to improve operational efficiencies in logistics through advanced technology. Locatible specializes in enhancing warehouse operations through the intelligent integration of existing vehicles and software systems. The company’s core product offerings focus on creating smart logistics solutions that optimize inventory management and streamline warehouse workflows.

Their technology addresses inefficiencies in supply chain processes by enabling real-time tracking and data-driven decision-making. These solutions target retailers, logistics providers, and manufacturers, aiming to improve operational efficiency and reduce costs across North America, Europe, and Asia. Locatible generates revenue through a combination of subscription models and direct partnerships with businesses in the logistics and retail sectors. Clients engage with the company's services through tiered subscription plans, providing access to advanced software features and support.

The model is primarily B2B, with businesses purchasing licenses for the software that integrates with their existing systems. Revenue flow is structured around these subscriptions, where clients pay a recurring fee for access to Locatible's intelligent logistics tools. In July 2016, Locatible raised an undisclosed amount of Seed funding led by Dynamo Accelerator and Fund. The company plans to leverage this funding to develop new products aimed at enhancing logistics efficiency and expanding its market reach.

Specific targets include increasing penetration in the North American and Asian markets by 2023. Upcoming product launches are designed to further streamline warehouse operations and improve integration with existing systems.