Ituran Location and Control Ltd. is an Israeli company that provides stolen vehicle recovery and tracking services, and markets GPS wireless communications products. Ituran is traded on NASDAQ and the Tel Aviv Stock Exchange and is included in the TA-100 Index. Ituran has over 1,300 employees worldwide and is a market leader in Brazil, Argentina, Israel and the United States. As of February 2015, the company has 817,000 subscribers.
|Public (NASDAQ: ITRN),(TASE: ITRN)|
|Founder||Izzy Sheratzky, Yehuda Kahane|
|United States, Brazil, Argentina, Israel|
|Products||Fleet Management Systems Real-time locating systems |
|Services||Stolen vehicle recovery Vehicle tracking services|
|Revenue||US$ 182 million (2014)|
|US$ 47.87 million (2014)|
|US$ 30.42 million (2014)|
Number of employees
Ituran de Argentina S.A.
Ituran Sistemas de Monitoramento Ltda.
Ituran USA Holdings Inc.
Cellutrak Canada Inc.
Ituran was established in 1994 by the Tadiran conglomerate to develop and operate a service for locating stolen vehicles using a technology that was originally developed for military use at Tadiran Telematics, a subsidiary of Tadiran Communications. The core technology was originally developed and licensed by Tadiran from Teletrac USA. Teletrac was founded as International Teletrac Systems in 1988. It received initial funding from a unit of AirTouch Communication (formerly known as Pacific Telesis) in exchange for 49% equity of the company. Teletrac contracted Tadiran to build base stations for their US system which were later used under license in deploying the network in Israel.
In November 1999 Ituran acquired Tadiran Telematics, which continued to manufacture the vehicle tracking systems Ituran was using for its services, for $10 million. The acquisition enabled Ituran to reduce the cost of the systems it sold. Ituran changed the company's name to Telematics Wireless.
In 2005 Ituran raised approximately $50 million in an initial public offering on Nasdaq, which gave the company a value of $294 million.
In April 2007 Ituran acquired the Mapa group for $13 million. The Mapa Group consists of three divisions: geographical databases, map publishing in print and online, satellite navigation and location-based services.
In 2012, Ituran announced that Ituran Brazil entered into agreement with General Motors Brazil ("GMB") through a company controlled by Ituran (51%). Ituran Brazil was founded in 1999 and has (as of the end of 2014) more than 310,000 active subscribers.
In May 2018 a severe security vulnerability was discovered in the Ituran system. The vulnerability allows attackers to easily extract personal information of Ituran customers, including home addresses, phone numbers and car registration numbers. For some users it also allowed real-time tracking using the Ituran application. Following the discovery of the vulnerability, Ituran disabled the self-service portal for its Israeli customers, until the vulnerability is fixed.
- Ituran Location and Control Ltd. Presents Results For The Full Year & Fourth Quarter 2014
- Ituran company presentation
- 'Vehicle Protection Highly Profitable in Israel: Excellent Financial Report for Ituran' Globes, May 1998
- Ituran raises $49.9m. in Nasdaq listing IVC Weekly, Sep 20, 2011
- Ituran teams with Pelephone to set up MVNO
- זיו, אמיתי (2018-05-12). "פירצה חמורה באיתוראן: פרטי לקוחות נחשפו - כולל חשבון הבנק והספרות האחרונות בכרטיס האשראי". TheMarker. Retrieved 2018-05-14.