Screen Gems will release the film in North America and Sony Pictures Releasing International is distributing in Latin America.
Untraceable is set to begin production in February and centres on a police officer's game of cat-and-mouse with a ruthless online predator.
Gregory Hoblit is directing and Allison Burnett wrote the final script from an original screenplay by Robert Fyvolent and Mark R Brinker.
Lakeshore chairman and chief executive officer Tom Rosenberg and president Gary Lucchesi are producing along with Andy Cohen and Steven Pearl.
Hoblit recently wrapped the thriller Fracture starring Anthony Hopkins and Ryan Gosling, and he previously directed Primal Fear and Fallen.