Track Group
Track Group designs, manufactures, and markets GPS tracking devices and electronic monitoring technology for U.S. community corrections agencies supervising individuals on probation, parole, or pre-trial release.
- Company typePublic
- Founded1997
- HeadquartersSalt Lake City, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Track Group does
Track Group, Inc. (OTCQX: TRCK) is a U.S.-based designer, manufacturer, and marketer of GPS location-tracking devices and electronic monitoring technology used by community corrections agencies to supervise individuals on probation, parole, or pre-trial release. The company's core product portfolio consists of proprietary GPS tracking hardware and supporting software applications, complemented by recurring monitoring-center services; in May 2026 it completed its first new monitoring device in over a decade, refreshing a hardware line that had gone more than ten years without a new SKU.
The company sells predominantly to state and federal government community corrections agencies through a direct enterprise sales motion, with disclosed operational presence in Florida, Illinois, Pennsylvania, and Puerto Rico. Revenue is generated through a mix of recurring monitoring services (subscription-style per-offender fees) and hardware unit sales, with FY2025 revenue of $35.2M and FY2026 management guidance of $38M–$39M.
Following multi-year operating losses, declining revenue, and high leverage (7.2x net), Track Group executed a comprehensive recapitalization in May 2026: a $10.3M PIPE from Carlson Ridge Capital and JCP Investment Management (each taking 49.25% ownership, ~75% combined go-forward), a $21M 5-year term loan at 13.5%, and a ~50% discounted debt settlement that together reduced net debt by ~63% and net leverage to 2.6x. The company concurrently divested its Chilean subsidiary (FY2025) and dissolved its Israeli subsidiary (Q1 FY2026), completing a strategic refocus on U.S. community corrections that has coincided with margin expansion (50.2% gross margin in Q2 FY26) and a return to profitability.
Track Group firmographics
Firmographics- Name
- Track Group
- Legal name
- Track Group, Inc.
- Website
- https://trackgrp.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Track Group designs, manufactures, and markets GPS tracking devices and electronic monitoring technology for U.S. community corrections agencies supervising individuals on probation, parole, or pre-trial release.
- Ownership category
- akta.pro rank
Track Group industry classification
Industry- Product category
- Electronic Monitoring Equipment
- NAICS
- Investigation, Guard, and Armored Car Services (56161), Parole Offices and Probation Offices (922150), Parole Offices and Probation Offices (92215)
- SIC
- Services-Detective, Guard & Armored Car Services (7381)
- akta.pro primary industry
- Electronic Monitoring & Community Corrections Services (Ankle Monitoring, Probation Support) (BPAKANAF)
- akta.pro secondary industries
- Community Corrections (Probation, Parole & Reentry) (BPAIAFAE), State/Provincial Corrections, Probation & Parole Administration (BPAIABAF)
Keywords
Where Track Group is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
Track Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Electronic Monitoring Services: Recurring monitoring services for community corrections agencies, providing electronic monitoring technology to track individuals. Revenue driven by monitoring assignments in Florida and Illinois.
- Location Tracking Devices: Design, manufacturing, and marketing of GPS tracking devices and related software applications. The company completed its first new monitoring device in over 10 years.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Track Group product offering
Product offeringCore offering
Track Group designs, manufactures, and markets GPS tracking devices and electronic monitoring software for community corrections agencies. The company provides recurring monitoring services to track and supervise individuals on probation, parole, or pre-trial release, and recently completed its first new monitoring device in over 10 years.
Product overview
Track Group offers a unified product portfolio centered on electronic monitoring technology for community corrections agencies. The core offering consists of GPS tracking devices and software applications designed to monitor individuals in correctional or supervision contexts. The company recently completed its first new monitoring device in over 10 years, representing a significant refresh of their hardware portfolio. The product suite is complemented by monitoring center operations that provide ongoing services to their agency clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Electronic Monitoring Technology Electronic monitoring technology and services for community corrections agencies, including location tracking devices and software applications used to track and supervise individuals under community corrections programs.
- GPS Tracking Devices Location tracking devices designed, manufactured, and marketed by Track Group for electronic monitoring of individuals in community corrections settings.
Quantifiable outcome
- 830% increase in operating income to $0.41M in Q2 FY26
- +4 more outcomes
Companies that use Track Group
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Track Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Track Group partnerships and signals
Strategic signalScale indicators16 records
Recent moves8 records
Expansion highlights4 records
Track Group competitors and assessment
Company assessmentDirect peers
- Attenti (Securitas): Attenti, owned by Securitas, is a global provider of electronic monitoring products and services for offender supervision. It competes with Track Group on GPS/RF ankle monitors and monitoring services, particularly for international and U.S. agency contracts.
- Corrisoft: Corrisoft offers electronic monitoring, case management, and offender management software to community corrections agencies. It is a direct peer competing for the same state and county GPS monitoring contracts as Track Group.
- SCRAM Systems: SCRAM Systems provides alcohol monitoring (SCRAM CAM) and GPS location monitoring for courts, corrections, and probation agencies. It competes head-to-head with Track Group in the same government community-corrections electronic monitoring procurement market.
- BI Incorporated (GEO Group): BI Incorporated, a subsidiary of GEO Group, is the largest direct competitor in U.S. electronic monitoring for community corrections, offering GPS and RF ankle-monitoring devices to probation, parole, and pre-trial agencies — the same customer base Track Group serves.
Broad incumbents
- GEO Group: GEO Group is a large diversified corrections and community services operator and the parent of BI Incorporated. It competes with Track Group via BI's electronic monitoring business while also operating detention, reentry, and behavioral health facilities at much greater scale.
- CoreCivic: CoreCivic is a major U.S. private corrections operator with a community corrections and electronic monitoring segment. It is a broad incumbent in the same end-market (government corrections supervision) as Track Group, though with a facilities-heavy operating model.
- Securus Technologies: Securus is a broader incarceration-technology incumbent serving correctional facilities with communications, monitoring, and payments products. Its portfolio overlaps with Track Group's electronic monitoring services but extends well beyond community corrections into prison-based technology.
Emerging players
- Soberlink: Soberlink provides remote alcohol monitoring devices used by courts, probation, and family law monitoring programs. It competes in a narrower vertical (alcohol monitoring) adjacent to Track Group's broader electronic monitoring offering.
Others
- Appriss Insights: Appriss Insights provides risk, compliance, and offender intelligence data used by corrections agencies and law enforcement. It is an adjacent ecosystem participant to Track Group, often integrated alongside or alongside-of electronic monitoring programs.
- Equifax Workforce Solutions: Equifax Workforce Solutions provides compliance, monitoring, and identity-verification services to government agencies and employers. It is thematically related as a data and monitoring infrastructure provider serving agencies similar to Track Group's customer base, rather than a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Track Group social profiles
Digital presenceTrack Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Track Group leadership team
Management profileNumber of profiles
Profiles6 records
Track Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Track Group funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Track Group M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Track Group
What does Track Group do?
Track Group designs, manufactures, and markets GPS tracking devices and electronic monitoring software for community corrections agencies. The company provides recurring monitoring services to track and supervise individuals on probation, parole, or pre-trial release, and recently completed its first new monitoring device in over 10 years.
Is Track Group a public or private company?
Track Group is a public company. It is classified as public and is currently operating.
When was Track Group founded?
Track Group was founded in 1997. It employs 51 to 100 people.
Where is Track Group based?
Track Group is headquartered in Salt Lake City, United States, in the North America region.
How does Track Group make money?
Two revenue lines are on record. Electronic Monitoring Services are the primary driver. The others are location Tracking Devices.
Who are Track Group's main competitors?
Direct peers on record are Attenti (Securitas), Corrisoft, SCRAM Systems and BI Incorporated (GEO Group). Broad incumbents are GEO Group, CoreCivic and Securus Technologies. Soberlink is listed as an emerging player. Others are Appriss Insights and Equifax Workforce Solutions.
Does Track Group have an API?
No public API is recorded for Track Group.
What industry is Track Group in?
Track Group's product category is Electronic Monitoring Equipment. Its primary akta.pro industry code is BPAKANAF, Electronic Monitoring & Community Corrections Services (Ankle Monitoring, Probation Support), with a secondary code of BPAIAFAE, Community Corrections (Probation, Parole & Reentry). Its NAICS code is 56161 and its SIC code is 7381.