ActiveTrak, the company behind GadgetTrak, released an update to its iOS app for iPhone, iPad and iPod touch.

[ad#Google Adsense 300×250 in story]GadgetTrak 2 is an application that allows users to keep track of their iOS devices. This is obviously especially useful if the device is lost or stolen.

Among the new features are background processing and the ability to password protect the app so other people cannot change the settings. You can keep GadgetTrak running in the background and it will check-in with the device’s location every ten minutes. Even if the app is manually quit, it will still register that a major location change has occurred, according to the company.

The new version also brings iPad support and is a universal app for iPhone, iPod touch and iPad.

GadgetTrak 2 is available for 0.$99 for a limited time. The regular price will be $3.99.