• Move expands the Saudi company’s market presence into Latin America
WakeCap, the digital project intelligence and control solution trusted by complex construction and oil and gas programmes worldwide, has announced the acquisition of Trackfy, a Brazilian provider specialising in workforce protection and operational monitoring technologies. The acquisition supports WakeCap’s strategy to scale globally, broaden its technology offering and increase value for customers across the industrial supply chain.
The expansion reflects accelerating infrastructure investment in key markets, led by Saudi Arabia’s nearly $1 trillion in construction and urban development under Vision 2030. With the combined strengths of Silicon Valley innovation, operational scale in Saudi Arabia and now reach within the Brazilian market, WakeCap is positioned at the forefront of the global shift toward AI-driven, connected and sustainable industrial environments.
Beyond expanding into Latin America, with Brazil as the new LATAM HQ, the Trackfy acquisition allows WakeCap to support clients long after construction is complete. By adding operations and maintenance capabilities, WakeCap can stay with projects from the build phase through to daily industrial operations, offering a single connected solution across the full lifecycle of a facility. This approach significantly increases the long-term value the company delivers to its customers.
“Trackfy brings both regional expertise and product capabilities that perfectly complement WakeCap’s vision to put workers first, make jobsites safer, and bring clarity to the world’s most complex construction projects,” said Dr. Hassan Albalawi, Co-Founder and CEO of WakeCap. “WakeCap’s ability to capture and act on real-time jobsite data is critical for high-performing project controls, and this acquisition fuels our next stage of growth as we expand our global footprint, increasing the value we deliver to customers through richer insights, faster reporting, and greater operational efficiency. This is a strong cultural fit, and we are excited to welcome the Trackfy team to WakeCap.”
“WakeCap’s mission has always been to solve the construction industry’s most urgent problems through data, software, and IoT, while Trackfy has done the same across the operational core of industrial environments,” said Tulio Cerviño, CEO of Trackfy. “Joining forces enables us to scale our technology, expand into new regions, and serve customers across the full lifecycle of industrial projects. This move is more than just an acquisition – it’s a big step toward the realization of a shared vision: to build the global standard for smart operations and industrial intelligence.”
The acquisition will combine WakeCap’s expertise in global construction technology with Trackfy’s strength in industrial operations. WakeCap transforms how construction projects are managed through live, site-wide visibility across workforce, safety, productivity, and progress. Its technology protects and empowers jobsite workers, transforming construction sites into a safer and more reliable place to work. With more than 150 million labor hours tracked and deployments across US$120 billion in active projects – including Aramco, NEOM, Qiddiya, and King Salman Park as well as global projects in the UAE, US, Brazil and Japan – WakeCap is setting the standard for how data drives performance, safety, and accountability on the jobsite, leading to data-driven business decisions and reduced insurance costs.
