Time Service

What Time Service does

Time Service B.V. is a Dutch privately held company headquartered in Best, Netherlands, founded in 2000 as a two-person team developing software for indoor go-kart tracks. It has since grown into a specialized provider of timing, race-control, and circuit-automation solutions for the international motorsport industry, operating under the RSTime software brand with approximately 11 employees. Its core offering is RSTime, an in-house developed, regulation-driven timing and venue-management platform built on official FIA and FIM rules, providing a single-screen dashboard that consolidates qualifying, race, and regularity event handling, race-control incident management, sound measurement, pit speed enforcement, scoreboard control, and finish-timing camera integration.

The company runs a hybrid commercial model with four revenue streams: (1) licensing of the RSTime software to race circuits and third-party timekeeping companies for permanent installations and event operations, (2) resale of Mylaps-branded timing hardware (TR2 and X2 Pro transponders, X2 RaceLinks, accessories) through its own e-commerce webshop, (3) professional timekeeping services delivered by FIA and FIM licensed staff at national and international motorsport events, and (4) installation and integration services for permanent circuit systems. Customers include flagship venues such as Bahrain International Circuit, Yas Marina Circuit, Circuit Zandvoort, TT Circuit Assen, Redbull Ring Spielberg, Buddh International Circuit, and Moscow Raceway, alongside the Creventic 24H Series and a network of regional timing-company partners in the Netherlands, Germany, and Sweden. Hardware pricing ranges from approximately €15 for replacement cables to €2,294 for the Mylaps X2 Pro Driver-ID Transponder, with subscription options (1, 2, or 5 years) layered on top of perpetual and bundle SKUs. The company is founder-led, bootstrapped, and has no disclosed external funding.

Name

Time Service

Legal name

Time Service B.V.

Website

https://timeservice.nl

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Time Service B.V. is a Dutch privately held company that develops the RSTime timing and race-control software, resells Mylaps hardware, and provides FIA/FIM licensed timekeeping services to international motorsport circuits, timekeeping firms, and race teams.

Ownership category

akta.pro rank

Product category

Motorsport Race Timing Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Racing, Including Track Operation (7948)

akta.pro primary industry

Racing Technology & Timing/Tracking Infrastructure (MPAEADAN)

Keywords

• Race timing software
• Motorsport timekeeping
• Race control systems
• Transponder hardware
• Circuit automation

Headquarters

HQ city

Best

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Software Licensing: RSTime software sold and licensed to race circuits and timing companies worldwide for permanent installations and event timing operations.
2. Hardware Sales: Sale of timing hardware including transponders (Mylaps TR2, X2 Pro series), X2 RaceLinks, cables, antennas, and accessories through e-commerce webshop.
3. Professional Timing Services: FIA and FIM licensed timekeepers provide professional timing services at motorsport events worldwide, including lap/sector timing, speed traps, pit administration, driver identification, and results distribution.
4. Installation Services: Complete installation services for timing and race control systems at circuits globally, including installation, configuration, and ongoing service support.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Time Service develops and licenses the proprietary RSTime software for race timing, race control and circuit automation used by race circuits and timekeepers worldwide. The company also sells Mylaps-branded timing hardware (transponders, X2 RaceLinks, accessories) through an e-commerce webshop, and provides professional on-site timekeeping services with FIA and FIM licensed timekeepers at motorsport events globally.

Product overview

Time Service offers a unified product portfolio centred on the RSTime Software platform, complemented by a comprehensive range of Mylaps-branded timing hardware and accessories. RSTime Software serves as the core timing and race circuit automation solution, while the hardware lineup includes X2 RaceLink devices (Club and Pro variants), Mylaps TR2 and X2 Pro transponders, and driver identification systems. These products are sold both individually and as curated bundles such as the Creventic 24H Series sets and GT Winter Series sets. The company also provides timekeeping services using FIA and FIM licensed timekeepers for motorsport events worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• RSTime: In-house developed timing software for race circuits and professional timekeepers, used worldwide for automating, optimising and professionalising race events.
• RSTime Circuit Automation

Products and services

• RSTime Software In-house developed timing and race circuit automation software that provides single-screen operation with tabs for different race event scenarios (qualifying, races, regularity). Built on official FIA and FIM regulations, eliminating the need for Excel or additional software packages. Used by race circuits and professional timekeepers worldwide.
• RSTime Circuit Automation Race control and incident management solutions for race circuits including sound measurement, pit speed enforcement, scoreboard control, and finish timing camera integration. Permanent installations for race circuits worldwide.
• X2 RaceLink Club Race timing hardware device with integrated LED display, RF antenna, GPS antenna, and cable set for car/motorbike racing, go-karting, and motocross. Waterproof IP65 rated with 2-year warranty.
• X2 RaceLink Pro Professional-grade race timing hardware with Deutsch connector interface for CAN bus integration. Supports 5Hz GPS and flag status updates.
• Mylaps X2 Pro Transponder High-performance X2 mode transponder with 2-way communication and timing resolution up to 0.0001 seconds. Features CAN bus connectivity for race electronics integration. Available in Pro and Pro Plus versions.
• Mylaps TR2 Car/Bike Direct Powered Transponder Subscription-based (1, 2, 5 years) or permanent (Go) direct powered transponder for car/bike racing. Waterproof IP67 rated with 2ms timing resolution and up to 260 km/h speed tracking.
• Mylaps X2 Pro Driver-ID Transponder Professional transponder with driver ID button supporting up to 5 drivers. Pro Plus version includes backup battery (up to 200 minutes) and backup TranX transponder.
• Professional Timekeeping Services FIA and FIM licensed timekeepers provide professional timing services at motorsport events worldwide, including lap/sector timing, speed measurements, endurance race administration, driver identification, results distribution, and live timing.
• Circuit Installation and Service Complete installation services for timing and race control systems at circuits globally, including installation, configuration, and ongoing service support for permanent RSTime deployments.

Quantifiable outcome

• RSTime software used by race circuits and timekeepers worldwide since 2006

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• MylapscoreTechnology or IntegrationMylaps is the manufacturer of transponders and timing hardware (TR2, X2 Pro series, X2 RaceLinks) sold through Time Service's webshop. Time Service integrates and resells Mylaps hardware products.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ALGE-Timing: Austrian manufacturer of sports timing equipment and timing services with deep motorsport presence. Directly comparable to Time Service in offering photo-finish, transponder, and race-management systems for race circuits and timekeepers worldwide.
• Mylaps: Mylaps (formerly AMB i.t.c.) manufactures the transponders and RaceLink hardware that Time Service resells and provides its own timing software and services for motorsport. Most direct comparator: same product category (transponders, timing software), same customers (race circuits, timekeepers), same go-to-market approach.
• TSL Timing Systems: UK-based designer and manufacturer of motorsport timing systems including decoders, loops, and race management software. Direct competitor in the race-circuit timing category serving customer base that overlaps with Time Service.
• RaceLogic: UK manufacturer of VBOX GPS data loggers and motorsport timing/telemetry systems. Comparable to Time Service in providing hardware and software for motorsport performance measurement and race timing at the circuit and team level.
• race|result: German provider of timing systems, RFID timing hardware, and online results services for mass-participation and motorsport events. Directly comparable to Time Service's RSTime offering for race timing and results distribution.
• Chronometrice: French motorsport timekeeping company providing FIA-licensed timing services at national and international races. Directly comparable to Time Service's professional timing services and FIA/FIM capability footprint.

Broad incumbents

• TAG Heuer Timing: Long-standing motorsport timing brand (now part of LVMH) historically providing official F1 and endurance racing timing instruments. Adjacent incumbent operating in the same motorsport timing category but as part of a much broader luxury portfolio.
• Swiss Timing: Swatch Group subsidiary providing high-precision timing and scoring systems for Formula 1, Olympic Games, and major motorsport events. A larger incumbent in the same motorsport timing category with broader scope (multi-sport) and significantly more resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100057138953491
• LinkedInlinkedin.com/company/time-service

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Time Service