About TruTac
TruTac is a Technology company based in Coventry (United Kingdom) founded in 1990, and was acquired by Microlise in March 2020. It operates as a tachograph analysis and compliance software is delivered for logistics fleets. It operates in the Technology and Transportation, Automotive & Logistics sectors. The company has 37 employees. TruTac offers products and services including Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its legal entity is TRUTAC LIMITED. Its competitors include Idelic, XRS Corporation, SambaSafety, ChartCo and LogRock and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
TruTac was established in 1990 in Coventry, United Kingdom, focusing on the logistics sector. Web-based solutions are offered to support fleet management and regulatory compliance. Key products encompass TruControl for tachograph analysis, TruTime for attendance tracking, TruChecks for vehicle inspections via mobile apps, TruLicense for DVLA license checks, and specialized TruControl for PSV operations. These tools aid in meeting industry standards across the UK market.
- Headquarters Coventry, United Kingdom
- Employees 37
- Stage Acquired
- SectorsTechnologyTransportation, Automotive & Logistics
- Website trutac.co.uk
- Social LinkedIn X
- Acquired by Microlise (Mar 2020)
- Legal Name Trutac Limited
- Date of Incorporation 12 Jul, 1990
- Jurisdiction NOTTINGHAM, NOTTINGHAMSHIRE, ENGLAND
Products & Services of TruTac
TruTac offers a comprehensive portfolio of products and services, including Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet.
Web-based system for automated tachograph data analysis and compliance reporting.
Mobile app for daily vehicle inspection and reporting functions.
Service for checking and verifying driving licences securely.
Real-time tracking solution for fleet and tachograph downloads.
Software for real-time fleet planning and coordination tasks.
Funding Insights of TruTac
- Total Rounds 1
- Last Round Debt – Venture — $146,000
- First Round $146,000
(Jun 2015)
- Investors Count 1
All 1 funding rounds of TruTac with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | $146,000 | Debt – Venture | – | – |
2 investors in total: 2 institutional.
Investors in TruTac
TruTac has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Microlise and Archover.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Secured business loans are facilitated via crowdlending platform. | 2013 | archover.com | London, United Kingdom | |
Fleet management and telematics solutions are provided for logistics operations. | 1982 | microlise.com | Nottingham, United Kingdom |
Investor details for TruTac
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Timeline of TruTac
3 dated milestones of TruTac across 30 years, from founding to its latest funding, stage changes and deals.
- Founded TruTac is founded.
- Funding First funding round of $146K.
- Exit Acquired by Microlise.
Competitors of TruTac
TruTac has 7 listed competitors in our database, 5 of them funded. They include Idelic, XRS Corporation, SambaSafety, ChartCo and LogRock, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| idelic.com | 2016 | Pittsburgh, United States | $31.31M | 58 | Offers AI & SaaS-based fleet management software | |
| xata.com | 1985 | Eden Prairie, United States | $39.01M | – | Fleet management solutions are delivered via telematics for regulatory compliance. | |
| sambasafety.com | 1988 | Albuquerque, United States | $16.4M | 195 | Driver risk management solutions and motor vehicle records are provided. | |
| chartco.com | 1998 | Enfield, United Kingdom | $79.36M | – | Digital navigation and maritime compliance services are offered. | |
| logrock.com | 2011 | Palm Beach Gardens, United States | $18.89M | – | Web-based solutions for trucking compliance management are provided. | |
| gorillasafety.com | 2013 | Houston, United States | – | – | Offers software for truck repairs, ELD compliance, and fleet tracking in transportation. | |
| r2conline.com | 2003 | Sheffield, United Kingdom | – | 59 | Online fleet management and compliance for commercial vehicles are facilitated. |
Detailed competitors of TruTac
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Web traffic of TruTac
The website of TruTac (trutac.co.uk) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 8.8% vs previous month
Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as TruTac (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | 350 | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | USD 105.3 M | 506 | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 504 M | – | 1,996 | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Related news about Trutac
Complete news archive for TruTac
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Frequently Asked Questions about TruTac
TruTac was founded in 1990 and raised its 1st funding round 25 years after it was founded.
TruTac is headquartered in Coventry, United Kingdom.
TruTac has 37 employees.
Annual revenue of TruTac is $3.41M as on Jun 30, 2020.
TruTac was established in 1990 in Coventry, United Kingdom, focusing on the logistics sector. Web-based solutions are offered to support fleet management and regulatory compliance. Key products encompass TruControl for tachograph analysis, TruTime for attendance tracking, TruChecks for vehicle inspections via mobile apps, TruLicense for DVLA license checks, and specialized TruControl for PSV operations. These tools aid in meeting industry standards across the UK market.
TruTac's top competitors include Idelic, LogRock and SambaSafety.
TruTac offers Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet.
TruTac operates through Trutac Limited.
Yes. TruTac was acquired by Microlise in March 2020.