• Acquisition broadens the Saudi company’s operations into Latin America
WakeCap, the sensor-enabled project intelligence and controls platform relied upon by major construction and energy projects worldwide, has announced the acquisition of Trackfy, a Brazilian workforce safety and operations management provider. The move reflects WakeCap’s strategic focus on global expansion, enhanced solution capabilities, and stronger end-to-end engagement with clients across industrial and construction sectors.
This expansion comes as infrastructure development accelerates internationally, with Saudi Arabia alone committing close to $1 trillion to construction, urban growth and national transformation. In line with Vision 2030’s objective of building safer, smarter and more sustainable cities and industrial environments, WakeCap’s integration of Silicon Valley-level innovation with large-scale deployment expertise – now extended to Latin America – strengthens its position at the convergence of AI, IoT and industrial technology.
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.
