Turkish technology exporter gets fresh funding

Actera, Turkey’s largest private equity firm, has invested in technology exporter Litum, which is developing Industry 4.0 solutions with its Internet of Things (IoT) and location-based services.

As an important technology provider for real-time location systems (RTLS), IoT and Industry 4.0 technologies, Litum is now concentrating on global growth with the funds it has received.

The company’s solutions were founded in 2004 in Izmir by Alp Ülkü, Özgür Ülkü and Kamil Sözen and are used by industry leaders such as Fortune 500 companies and government institutions in more than 45 countries around the world.

Rapid global growth

Litum’s founding and managing partner Özgür Ülkü said the investment received from Actera would make a very important contribution to Litum’s rapid global growth.

“We have grown Litum quickly by investing in our technology infrastructure and our team,” he said when explaining his goals. “We have succeeded in increasing our product quality and the added value that we create for our customers above world standards. At this stage of our journey, Actera’s investment is very valuable and exciting for us. We believe Actera will empower us with their experience and experience. As we continue to grow our market share through rapid growth, we aim to continue innovation in real-time location systems. “

Solution to the crisis

Litum founder and managing partner Sözen emphasized that they develop all of their technology under their own roof.

“We operate in the supply chain, manufacturing, healthcare, oil, mining and smart building sectors. Companies using Litum solutions can instantly track the location information of their employees and devices, ”he said.

“In this way you can optimize your processes and at the same time guarantee your safety. From hospital to warehouse, from factory to mine – our technology is versatile. We offer our customers significant added value in terms of security and savings by making the right decision. We will now get closer to our goal of offering this added value to even more countries and customers. “

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