ToolHound
- Company typePrivate
- Founded1985
- HeadquartersSaint Albert, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
ToolHound firmographics
Firmographics- Name
- ToolHound
- Legal name
- ToolHound Inc.
- Website
- https://toolhound.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where ToolHound is headquartered
LocationHeadquarters
- HQ city
- Saint Albert
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
ToolHound business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain, Operations
Revenue model
- Software Subscriptions (SaaS): ToolHound Cloud provides browser-based application with backend database hosted and managed by ToolHound, reducing upfront and continuing internal IT costs for customers. Subscription model for ongoing access to the platform.
- On-Premise Software Licenses: ToolHound On Premise offers the same features as the cloud version but is hosted and maintained by the client on their own servers. One-time license or subscription arrangement.
- Hardware Sales: Sale of rugged mobile computers, barcode scanners, RFID readers, and other scanning devices for tool identification and inventory control.
- Tool Identification Products: Sale of bar code labels (polypropylene and anodized aluminum), RFID tags, and identification supplies for tool tracking.
- Professional Services: On-site training, web-based training, and implementation services. Training is tailored for each organization and helps maximize the ToolHound investment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ToolHound Cloud (Hosted) |
| One time/ perpetual license | Multi-year contract | ToolHound On Premise (Client-Hosted) |
| Subscription | Annual | Optional Modules |
| Unit Pricing | One time/ perpetual license | Hardware and Accessories |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
ToolHound product offering
Product offeringCore offering
ToolHound is a web-based tool and equipment inventory management system that enables organizations to track, check out/return, and account for tools and equipment using barcode, RFID, and mobile computing technologies. The platform is offered as a cloud-hosted SaaS (ToolHound Cloud) or client-hosted (ToolHound On Premise) deployment and is extended through optional modules for purchasing, maintenance/service, internal and external rental billing, and self-service kiosk check-out. The company also sells rugged mobile computers, scanners, barcode/RFID labels, and kiosk hardware, and provides on-site, web-based, and classroom training services.
Product overview
ToolHound is a modular, web-based tool and equipment inventory management system with a platform-plus-modules architecture. The core ToolHound platform (available as ToolHound Cloud or ToolHound On Premise) provides foundational check-out/return tracking, real-time visibility, and asset accountability. Five optional modules extend functionality: the Purchasing Module handles inventory purchasing and replenishment; the Service Module manages maintenance scheduling and calibration; the Transaction Rental Module handles external contractor rentals with rate management; the Transfer Rental Module manages internal inter-department/project billing; and the Kiosk Module enables self-service environments. Hardware accessories include Tool Identification (barcode labels and RFID tags), Mobile Computers & Scanners, and Kiosk hardware devices. Training and Support services are offered as complementary offerings. The system serves industries including construction, utilities, mining, oil and gas, and industrial sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- ToolHound (Cloud and On Premise) Web-based tool and equipment inventory management system available as cloud-hosted (ToolHound Cloud) or client-hosted (ToolHound On Premise). Provides tool check-out/return, real-time tracking, employee accountability, and comprehensive reporting for construction, utilities, mining, oil & gas, and industrial organizations.
- Purchasing Module Optional module that monitors item availability and usage to create purchase orders, tracks orders, and reports on usage history to support informed purchasing decisions.
- Service Module Optional module that monitors and schedules equipment maintenance and calibration, tracks repairs, and provides reports on service due, outstanding repairs, meter readings, and maintenance histories; supports preventative maintenance and safety equipment tracking.
- Transaction Rental Module Optional module that manages rental inventory, sets rental rates, calculates discounts, and automatically reports on miscellaneous charges and billing rates for external contractor rentals.
- Transfer Rental Module Optional module that manages internal rental rates and manual charges for flexible bill-by-project reporting when inventory is transferred from warehouse to job site and back.
- Kiosk Module Optional self-service software module for extended-hours or remote-site operations that supports barcode scanners and RFID readers, allowing workers to quickly check out/return tools, view safety documentation, and access service history without a tool crib attendant.
- Tool Identification (Labels and RFID Tags) Durable tool identification system using barcodes (linear and QR), RFID tags, or combinations, including rugged polypropylene labels with aggressive adhesive and anodized aluminum labels for harsh environments.
- Mobile Computers and Scanners Rugged mobile computers with integrated barcode scanners and/or RFID reading capability, plus USB barcode scanners, that process issues, returns, and transactions from anywhere and transfer data to the database in real time via WiFi or cellular data.
- Kiosk (Self-Service Touch Screen Hardware) Self-service touch screen kiosk hardware with integrated barcode or RFID reader that enables worker self check-out and return of tools without requiring a tool crib attendant while maintaining employee accountability.
- Training and Implementation Services On-site, web-based, and classroom training services delivered using a train-the-trainer approach, along with implementation assistance and best-practice recommendations to help customers maximize their ToolHound investment.
Quantifiable outcome
- Tool crib expenses reduced by 30% at TransAlta's Edmonton plant
- +5 more outcomes
Companies that use ToolHound
Customer profileNamed customers16 records
Segments7 records
Ideal customer profiles4 records
ToolHound technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature12 records
ToolHound partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Fairway Inc.minorWebsite design and development partner based in Edmonton, Canada. Fairway Inc. designed ToolHound's website as indicated in the footer attribution: 'Website Design Edmonton - Fairway Inc.' This is a vendor relationship for web development services rather than a strategic business partnership.
Scale indicators11 records
Recent moves8 records
Expansion highlights5 records
ToolHound competitors and assessment
Company assessmentDirect peers
- Asset Panda: Asset Panda is a cloud-based asset tracking and management platform used across multiple industries. It is highly comparable to ToolHound as both target asset/inventory tracking with mobile scanning, custom workflows, and SaaS deployment, though Asset Panda is more horizontal while ToolHound specializes in tools and equipment for heavy industry.
- EZOfficeInventory: EZOfficeInventory is a web-based asset tracking and inventory management platform with barcode/RFID support and check-in/check-out workflows. It overlaps directly with ToolHound's core offering — modular asset tracking with scanning hardware — and serves similar mid-market and enterprise customers managing physical equipment.
- Cheqroom: Cheqroom provides equipment checkout and asset management software for organizations sharing tools and devices. It is comparable to ToolHound for the self-service check-out/return workflow and kiosk-style operations, though Cheqroom skews more toward AV/IT and education while ToolHound focuses on industrial tools.
- Fishbowl Inventory: Fishbowl Inventory is an inventory management platform that integrates with barcode scanners and ERP systems for manufacturing and warehouse operations. It is comparable to ToolHound's purchasing/inventory module capabilities for industrial and construction-adjacent customers, though it focuses more on inventory than on tool/equipment tracking specifically.
Emerging players
- MaintainX: MaintainX is a mobile-first CMMS and asset operations platform used in manufacturing and maintenance-heavy industries. It overlaps with ToolHound's Service Module for maintenance scheduling and work-order management, and represents the modern IoT/AI-enabled direction of asset management software that could pressure ToolHound's position.
- UpKeep: UpKeep is a mobile CMMS and asset operations management platform used by maintenance and facilities teams. It competes with ToolHound's Service Module for maintenance scheduling and parts tracking, and is expanding into broader asset tracking — making it a partial overlap peer in industrial settings.
- Sortly: Sortly offers a visual, mobile-first inventory and asset tracking app with barcode/QR code support. It is a partial competitor to ToolHound in the SMB and lower-mid-market segment where ToolHound also targets some customers, though Sortly is far less specialized for industrial heavy-equipment workflows.
Others
- Fleetio: Fleetio is a fleet and equipment management platform that handles vehicle and heavy-equipment maintenance, inspections, and parts. It is adjacent to ToolHound because many ToolHound customers (e.g., Graham Construction, HercRentals, TransAlta) manage mobile fleets and powered equipment that overlap with ToolHound's scope.
Broad incumbents
- Oracle NetSuite: Oracle NetSuite is a broad ERP platform with inventory, asset management, and fixed-asset modules used by mid-market and enterprise customers. It competes with ToolHound indirectly when enterprises evaluate consolidating tool/equipment tracking into a general ERP rather than a purpose-built system.
- SAP Enterprise Asset Management: SAP's enterprise asset management and plant maintenance modules are used by large industrial and utility operators (similar customers to ToolHound such as Dow, TransAlta, and Dominion). SAP represents the broad-incumbent threat of customers preferring to standardize on a single ERP vendor instead of a best-of-breed tool tracking system.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
ToolHound social profiles
Digital presenceToolHound financial estimates
Financial estimateRevenue estimate
Valuation estimate
ToolHound leadership team
Management profileNumber of profiles
ToolHound funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ToolHound M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ToolHound
What does ToolHound do?
ToolHound is a web-based tool and equipment inventory management system that enables organizations to track, check out/return, and account for tools and equipment using barcode, RFID, and mobile computing technologies. The platform is offered as a cloud-hosted SaaS (ToolHound Cloud) or client-hosted (ToolHound On Premise) deployment and is extended through optional modules for purchasing, maintenance/service, internal and external rental billing, and self-service kiosk check-out. The company also sells rugged mobile computers, scanners, barcode/RFID labels, and kiosk hardware, and provides on-site, web-based, and classroom training services.
Is ToolHound a public or private company?
ToolHound is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ToolHound founded?
ToolHound was founded in 1985. It employs 11 to 50 people.
Where is ToolHound based?
ToolHound is headquartered in Saint Albert, Canada, in the North America region.
How does ToolHound make money?
Five revenue lines are on record. Software Subscriptions (SaaS) is the primary driver. The others are on-Premise Software Licenses, hardware Sales, tool Identification Products and professional Services.
Who are ToolHound's main competitors?
Direct peers on record are Asset Panda, EZOfficeInventory, Cheqroom and Fishbowl Inventory. Emerging players are MaintainX, UpKeep and Sortly. Fleetio is listed as an others. Broad incumbents are Oracle NetSuite and SAP Enterprise Asset Management.
Does ToolHound have an API?
No public API is recorded for ToolHound.