The company is best known for its disruptive innovation and leading role it played in the transformation of the business model of the music industry.
The original software was created by Scott MacLean to time shift XM Satellite Radio programming using the $50 XM PCR PC-connected satellite radio—doing so by recording the audio to MP3 format, and saving songs as individual MP3 files, named and tagged with the artist and song name.
At the 2006 CES (Consumer Electronics Show), Time Trax announced and demonstrated a new product, TraxCatcher.
[4] By July 7, 2006, the address of the TimeTrax home page was redirecting to the XM Radio corporate site.
This created significant confusion and speculation that TimeTrax may have either been acquired by XM Radio or forced to shut down.
On November 1, 2006, SatelliteGuys.US closed their Time Trax forum due to a lack of current information about the company.