Trac ID Systems Overview

  • Founded
  • 2005
  • Status
  • Acquired/​Merged
  • Employees
  • 15
  • Latest Deal Type
  • M&A

Trac ID Systems General Information


Provider of radio frequency identification technology (RFID) for the oil and gas industry. The company offers wireless communication systems to improve lifecycle management and rig assets through automated tracking, including manufacturing control, stock management, transport tracking and inspection handling.

Contact Information

Ownership Status
Financing Status
Formerly VC-backed
Primary Industry
Wireless Communications Equipment
Other Industries
Other Communications and Networking
Other Business Products and Services
Primary Office
  • Lagerveien 12 A
  • P.O. Box 22
  • 4064 Stavanger
  • Norway
+47 51 00 00 00
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Trac ID Systems Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 01-Feb-2016 00.000 Completed Profitable
2. Later Stage VC 24-Apr-2013 00.000 00.000 Completed Profitable
1. Early Stage VC 01-Jan-2007 Completed Generating Revenue
To view Trac ID Systems’s complete valuation and funding history, request access »

Trac ID Systems Executive Team (4)

Name Title Board Seat Contact Info
Kjell Drevdal Chief Executive Officer
Per Arne Gulvik Chief Financial Officer & Owner
Eirik Berge Vice President, Business Development, Marketing and Sales
You’re viewing 3 of 4 executive team members. Get the full list »

Trac ID Systems Board Members (5)

Name Representing Role Since
Hans Olav Hide Self Board Member 000 0000
Mats Grinrød Self Board Member 000 0000
Rune Gaasø Self Board Member 000 0000
You’re viewing 3 of 5 board members. Get the full list »

Trac ID Systems Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Trac ID Systems Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Equinor Ventures Corporate Venture Capital Minority 000 0000 000000 0
Northzone Ventures Venture Capital Minority 000 0000 000000 0
To view Trac ID Systems’s complete investors history, request access »