Litum

About Litum

Established in 2004 by engineers Alp Ülkü, Özgür Ülkü, and Kamil Sözen, Litum is a technology company headquartered in Izmir, Turkey, specializing in Real-Time Location Systems (RTLS). The company designs, manufactures, and implements its entire portfolio of hardware and software solutions in-house, ensuring an integrated, end-to-end system for its clients. Litum's core business revolves around providing IoT solutions that leverage RTLS, Ultra-Wideband (UWB), RFID, and Bluetooth Low Energy (BLE) technologies to track and monitor people and assets with high accuracy. The business model focuses on delivering turnkey systems that enhance safety and operational efficiency for clients across various sectors.

Litum serves a global client base, including Fortune 500 companies, across more than 50 countries in industries such as manufacturing, healthcare, logistics, automotive, and mining. Its industrial solutions aim to improve workplace safety and productivity through products like forklift collision avoidance systems, employee and asset tracking, yard management, and emergency mustering systems. In the healthcare sector, Litum provides applications for infant security, patient flow management, medical equipment tracking, and staff safety. The company generates revenue by selling these comprehensive hardware and software systems, which can be customized and integrated with a client's existing enterprise resource planning (ERP) and management platforms.

The company's technology platform consists of hardware sensors and tags that transmit location data to a central server. A middleware location engine then processes this data using proprietary algorithms to calculate precise X and Y coordinates. This information is visualized on a web-based application software, allowing clients to see the real-time location of assets and personnel on a digital floor plan. The system includes features like geofencing, a business rules engine for process automation, and an advanced reporting and analytics module with executive dashboards. A significant milestone for the company was securing a private equity investment from Actera Group in June 2021 to accelerate its global growth. Litum has also been recognized in the Gartner Magic Quadrant for Indoor Location Services and by Deloitte as one of the 50 fastest-growing technology companies multiple years in a row.