M&A Deal Summary

SpotLite360 Acquires TrackX

On December 7, 2022, SpotLite360 acquired information technology company TrackX

Acquisition Highlights
  • This is SpotLite360’s 1st transaction in the Information Technology sector.
  • This is SpotLite360’s 2nd transaction in the United States.
  • This is SpotLite360’s 1st transaction in Colorado.

M&A Deal Summary
Date 2022-12-07
Target TrackX
Sector Information Technology
Buyer(s) SpotLite360
Deal Type Add-on Acquisition

Target

TrackX

Denver, Colorado, United States
TrackX is a technology company that specializes in providing SaaS-based enterprise tracing, tracking, and collaboration solutions to brands to achieve more sustainable and better-performing supply chains. The company solutions are built on an enterprise scalable and fully customizable platform that leverages a broad array of RFID, IoT (Internet of Things), and Sensor Technologies to provide item-level visibility to customers across a broad array of industries, including food, beverage, brewery, automotive, retail, financial services, technology, and government. TrackX is based in Denver, Colorado.

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Buyer(S) 1

Buyer

SpotLite360

Vancouver, British Columbia, Canada
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

SpotLite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain. SpotLite360’s flagship SaaS solution has been engineered to seamlessly track the movement of a product by integrating with systems of all major stakeholders in a supply chain ranging from the raw materials to the hands of the end consumer. SpotLite360 IOT Solutions was founded in 2014 and is based in Vancouver, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 E3 Services Group

Thornton, California, United States

E3 Services Group is a cannabis facility design and building company that specializes inefficient, and organized protocols for completing any construction project. E3 Services Group was founded in 2012 and is based in Thornton, California.

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