uTrack Software Solutions
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uTrack Software Solutions - overview
Established
2011
Location
Dublin, -, Ireland
Primary Industry
Software
About
uTrack Software Solutions develops advanced digital technology to optimize public transportation systems, enhancing operational efficiency and user experience across various sectors including education and local authorities. Founded in 2011 in Dublin, Ireland, uTrack Software Solutions specializes in software solutions for public transportation, with a focus on operational excellence and user engagement. The company has completed one funding deal as of April 24, 2025. uTrack Software Solutions specializes in developing digital technology aimed at enhancing public transportation systems.
The company offers three primary products: Origin, Unity, and Rygo. Origin is designed for operational excellence within the bus and coach industry, providing tools to streamline operations and improve efficiency. Unity focuses on creating customer-like experiences, facilitating communication and connection between drivers and staff, regardless of their location. Rygo is tailored for educational institutions, enabling students to track their bus transportation and simplifying logistics for school transportation operators.
uTrack serves a diverse clientele, including local authorities, government agencies, schools, and bus companies, primarily in European markets such as the United Kingdom and Ireland. uTrack’s revenue generation model is structured around B2B transactions, with a focus on partnerships and subscriptions. The company charges its clients, including local government agencies and educational institutions, for access to its software solutions, which are offered through tiered subscription plans. Each product, such as Origin for operational management, Unity for employee engagement, and Rygo for student transportation tracking, contributes to the overall revenue stream.
The financial structure involves annual contracts or monthly billing cycles, ensuring that clients can access updated features and support services throughout their subscription duration. In April 2025, Ridango AS, a portfolio company of Bregal Milestone, agreed to acquire uTrack Software Solutions. This acquisition aims to enhance Ridango AS's offerings and increase its capabilities for long-distance and school transport operators, facilitating an expansion into Western Europe and the US. The acquisition will utilize the recent funding to support these growth initiatives, significantly broadening uTrack's operational reach.
Current Investors
Ridango AS
Primary Industry
Software
Sub Industries
Logistics Software
Website
www.utrack.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
uTrack Software Solutions - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | - | - | - | - | - |
| Operating Margin | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | (386,497) | 30,837 | - | - | - |
| % Net Margin | - | - | - | - | - |
uTrack Software Solutions - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | uTrack Software Solutions | - |
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