iTAC Software
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
iTAC Software - overview
Established
1998
Location
Montabaur, -, Germany
Primary Industry
Software
About
iTAC Software AG develops advanced Manufacturing Operations Management solutions to optimize production efficiency in various industries, addressing operational compliance and quality assurance through innovative software architectures. Founded in 1998 in Montabaur, Germany, iTAC Software AG specializes in Manufacturing Operations Management solutions. The company has undergone strategic pivots to focus on Industry 4. 0 solutions and was acquired by Dürr AG in December 2015 for an undisclosed amount.
Currently led by CEO Peter Bollinger, iTAC has successfully raised EUR 4. 50 mn in its latest funding round, Series C, with participation from investors including TVM Capital Life Science and EVP Capital Management. iTAC Software AG specializes in providing Manufacturing Operations Management (MOM) solutions designed to optimize production processes across various industries. Their flagship product, the iTAC.
MOM. Suite, utilizes a microservices architecture to deliver comprehensive functionalities such as real-time production control, traceability, and process interlocking. This suite is tailored to meet the evolving demands of sectors including automotive, electronics, and medical devices, addressing challenges related to operational efficiency, compliance, and quality assurance. The company's innovative solutions are also aligned with Industry 4.
0 and the Industrial Internet of Things (IIoT), enabling clients to transition towards smart factory concepts. iTAC Software AG serves a diverse client base globally, with notable markets including Europe, North America, and Asia-Pacific, ensuring that their products cater to localized requirements and industry standards. In 2023, iTAC Software AG reported a revenue of EUR 25,551,925. 80 and an EBITDA of EUR 1,401,421.
70. The company generates revenue primarily through B2B transactions involving subscriptions and partnerships, with clients engaging in the implementation and integration of the iTAC. MOM. Suite into their operations through customized contracts.
iTAC Software AG is focused on expanding its product offerings and geographic reach. Plans include the launch of additional functionalities within the iTAC. MOM. Suite and exploring entry into new markets across Europe and Asia by 2025.
The funding raised in the Series C round will be directed towards enhancing product development and scaling operations to meet the demands of these new markets.
Current Investors
TVM Capital Life Science, COI Partners , Pari Capital
Primary Industry
Software
Sub Industries
Internet, Analytics & Performance Software, Systems Management Software
Website
www.itac.de
Company Stage
Acquired
Total Amount Raised
Subscriber access only
iTAC Software - timeline of key events
iTAC Software - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 7,766,503.3 | 7,421,305.3 | 8,634,366.4 | 14,300,290.6 | 14,240,386.7 | 13,756,738.1 | 16,475,018.9 | 20,266,447.3 | 14,222,774.9 | 20,559,248 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (4.4%) | 16.3% | 65.6% | (0.4%) | (3.4%) | 19.8% | 23.0% | (29.8%) | 44.6% | - | - | - |
| EBITDA (USD) | - | - | 1,139,668.2 | 442,138.2 | 1,141,695.2 | 2,691,620.5 | 2,657,802.7 | 550,875.3 | (634,133) | 7,857,746.4 | 474,365.6 | 3,283,536 | - | - | - |
| Operating Income (USD) | - | - | 286,879 | (1,027,349.9) | (1,063,091.6) | (478,874.6) | (641,261.9) | (2,306,478.4) | (3,097,728.6) | 4,566,451.3 | (2,922,507.1) | 1,051,043.5 | - | - | - |
| Operating Margin | - | - | 3.7% | (13.8%) | (12.3%) | (3.3%) | (4.5%) | (16.8%) | (18.8%) | 22.5% | (20.5%) | 5.1% | - | - | - |
| % EBITDA Margin | - | - | 14.7% | 6.0% | 13.2% | 18.8% | 18.7% | 4.0% | (3.8%) | 38.8% | 3.3% | 16.0% | - | - | - |
| NET Income (USD) | (69,750.9) | (58,491.6) | 13,905.6 | (1,163,802.4) | (1,442,191.1) | (946,141.8) | (665,739.8) | (2,293,700.4) | (3,127,605.6) | 4,470,264.9 | (2,961,113.8) | 1,058,552.4 | - | - | - |
| % Net Margin | - | - | 0.2% | (15.7%) | (16.7%) | (6.6%) | (4.7%) | (16.7%) | (19.0%) | 22.1% | (20.8%) | 5.1% | - | - | - |
iTAC Software - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.