TRUCE Software

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TRUCE Software - overview

Established

2013

Location

Lisle, IL, US

Primary Industry

Software

About

TRUCE Software specializes in innovative mobile technology that enhances productivity and safety by adapting mobile device functionalities to user surroundings, effectively minimizing distractions and promoting focus across various environments. TRUCE Software develops technology that focuses on responsible mobile device management. Founded by Don Powers, the company is headquartered in Lisle, US. The firm has undergone changes in its operational strategy over time to better serve its target markets.


TRUCE Software specializes in innovative mobile technology designed to enhance focus, productivity, and safety across various environments, including on the road, in the workplace, and within educational and home settings. Their core offerings utilize patented technology that intelligently adapts mobile device functionality based on the user's surroundings, effectively minimizing distractions and elevating performance. The technology caters to a diverse clientele, including enterprises looking to improve employee productivity and safety, schools aiming to create more focused learning environments, and families seeking to mitigate distractions for their children. TRUCE’s solutions are marketed across various geographical regions, including North America, Europe, and Asia, addressing the growing need for responsible mobile device management in diverse, multi-use contexts.


TRUCE Software generates revenue primarily through subscription-based models tailored to both B2B and direct-to-consumer segments. Clients engage with the firm by subscribing to its flagship products designed for mobile device management, which may include tiered pricing plans that cater to different user needs and organizational sizes. Partnerships with enterprises commonly involve customized solutions that integrate TRUCE's technology into existing systems, facilitating seamless implementation and ongoing support. The structured transactions between TRUCE and its clients are designed to ensure long-term collaboration and continuous updates to their mobile technology solutions, enhancing user experience and operational efficiency.


TRUCE Software plans to leverage recent funding received from Digital+ Partners in August 2018 to develop new products tailored for both corporate and educational markets, with expected launches in late 2023. The company aims to expand its reach into new geographical markets, specifically targeting the Asia-Pacific region by 2024. This strategic growth will utilize funding to enhance product development and marketing efforts, ensuring effective entry into these emerging markets.


Current Investors

Yttrium, New Amsterdam Growth Capital, Allomer Capital

Primary Industry

Software

Sub Industries

Systems Management Software

Website

www.trucesoftware.com

Verticals

Cloud Computing, Mobile Apps

Total Amount Raised

Subscriber access only

TRUCE Software - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedTRUCE Software-

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TRUCE Software - employee data

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