About iTAC Software
iTAC Software is a company based in Montabaur (Germany) founded in 1998 by Dieter Meuser was acquired by Durr in December 2015. It operates as a SaaS (Software-as-a-Service), and Managed Services. iTAC Software has raised $5.53 million across 1 funding round from investors including Durr and COI Partners. iTAC Software has completed 1 acquisition, including DUALIS. iTAC Software offers products and services including iTAC.MOM.Suite and Industrie 4.0 Solutions. iTAC Software operates in a competitive market with competitors including Luminovo, MAVERICK Technologies, Bamboo Rose, ATS Applied Tech Systems and Xinheyun, among others.
- Headquarter Montabaur, Germany
- Founders Dieter Meuser
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Itac Software Ag
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Products & Services of iTAC Software
iTAC Software offers a comprehensive portfolio of products and services, including iTAC.MOM.Suite and Industrie 4.0 Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for optimizing production with real-time control features.
Solutions supporting smart factory transformation and connectivity.
Funding Insights of iTAC Software
iTAC Software has successfully raised a total of $5.53M through 1 strategic funding round. The most recent funding activity was a Series C round of $5.53 million completed in October 2004. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $5.5M
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First Round
First Round
(06 Oct 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2004 | Amount | Series C - iTAC Software | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iTAC Software
iTAC Software has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Durr and COI Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth capital investments are provided by COI Partners in DACH.
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Intelligent production control software is supplied for industrial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iTAC Software
iTAC Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DUALIS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software solutions for production planning and factory simulation are provided.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iTAC Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Itac Software Comparisons
Competitors of iTAC Software
iTAC Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Luminovo, MAVERICK Technologies, Bamboo Rose, ATS Applied Tech Systems and Xinheyun, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Software suite for electronics supply chain management is provided.
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Industrial automation and process control solutions are delivered to manufacturing.
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| domain | founded_year | HQ Location |
Online B2B marketplace for product and supply chain management
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| domain | founded_year | HQ Location |
Products and services for automation pyramid levels are provided.
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| domain | founded_year | HQ Location |
Cloud-based MES software for multiple industries
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about iTAC Software
When was iTAC Software founded?
iTAC Software was founded in 1998 and raised its 1st funding round 6 years after it was founded.
Where is iTAC Software located?
iTAC Software is headquartered in Montabaur, Germany. It is registered at Montabaur, Rheinland-pfalz, Germany.
Who is the current CEO of iTAC Software?
Peter Bollinger is the current CEO of iTAC Software.
Is iTAC Software a funded company?
iTAC Software is a funded company, having raised a total of $5.53M across 1 funding round to date. The company's 1st funding round was a Series C of $5.53M, raised on Oct 06, 2004.
What does iTAC Software do?
iTAC Software AG is focused on providing manufacturing optimization through its standardized Manufacturing Operations Management (MOM) solution, the iTAC.MOM.Suite. The company is involved in sectors like automotive, electronics, and medical devices, offering real-time production control and process interlocking. Innovative solutions for Industrie 4.0 and Industrial IoT are also provided to support clients in achieving smart factory capabilities. The portfolio is tailored to meet evolving international customer needs with consistent updates.
Who are the top competitors of iTAC Software?
iTAC Software's top competitors include MAVERICK Technologies, Luminovo and ATS Applied Tech Systems.
What products or services does iTAC Software offer?
iTAC Software offers iTAC.MOM.Suite and Industrie 4.0 Solutions.
How many acquisitions has iTAC Software made?
iTAC Software has made 1 acquisition, including DUALIS.
Who are iTAC Software's investors?
iTAC Software has 2 investors. Key investors include Durr, and COI Partners.
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