October 3, 2022

905 On the Bay

For Tech Lovers

Turkish technological innovation exporter will get fresh new funding

2 min read

Actera, the major Turkey-focused private equity business, has invested in technological innovation exporter Litum, which develops Marketplace 4. alternatives with its net of things (IoT) and location-based mostly expert services.

As an vital technology service provider in serious-time spot methods (RTLS), IoT and Business 4. systems, Litum is now concentrating on worldwide development with the funding it acquired.

Launched in Izmir in 2004 by Alp Ülkü, Özgür Ülkü and Kamil Sözen, the firm’s solutions are utilized by sector-leading firms this sort of as Fortune 500 businesses as very well as governmental institutions in much more than 45 nations all-around the environment.

Quick global expansion

Litum Founding and Managing Husband or wife Özgür Ülkü explained that the investment they been given from Actera would make a incredibly crucial contribution to Litum’s speedy world wide progress journey.

“We have developed Litum quickly by investing in our technological infrastructure and workforce,” he stated as he explained their targets. “We have succeeded in raising over planet criteria our merchandise high quality and the added value we generate for our prospects. At this stage of our journey, Actera’s investment decision is extremely valuable and fascinating for us. We feel that Actera will reinforce us with its experience and huge community. Though we continue on to improve our sector share by developing fast, we aim to continue innovation in the field of authentic-time spot units.”

Solution to disaster

Litum founder and managing companion Sözen underlined that they produce all of their know-how under their individual roof.

“We provide in the source chain, producing, wellness care, oil, mining and intelligent setting up industries. Organizations employing Litum solutions can promptly monitor the locale info of their staff members and tools,” he explained.

“In this way, they can improve their processes while making certain their stability. From hospitals to warehouses, from factories to mines, our technological know-how has a wide array of utilizes. We deliver critical additional benefit to our prospects in terms of both equally safety and financial savings by making the suitable conclusion. We will now operate toward our target of supplying this included price to more international locations and shoppers.”

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