Trackwell ADS receives funding for North American expansion

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Trackwell ADS, the U.S. subsidiary of Iceland-based Trackwell, has announced an investment by Frumtak, an Icelandic investment fund comprised of the three major banks in Iceland and six major pension funds. Trackwell says the funding will help allow it to increase its market development efforts dramatically in North America.

Trackwell ADS, based in Houston, offers a Web-based service called Trackwell Mobile Resource Management (MRM) that includes a wide range of business processes designed to allow companies to better manage their mobile vehicle and work force resources.

“We are pleased that the Frumtak investment will allow us to expand our sales and marketing efforts in the North American market,” says Tom Lemke, executive vice president of Trackwell ADS. “Trackwell ADS has already achieved success in many of the U.S. markets with its Trackwell Mobile Resource Management solutions and is excited to now be able to offer our products to many new markets.”

Trackwell’s technologies were acknowledged further by a recent visit from