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IBM Allocates $250 Million to RFID

On Monday, Big Blue announced an enormous quarter-billion dollar, five-year investment in RFID and related sensor technology.
Sep 27, 2004This article was originally published by RFID Update.

September 27, 2004—On Monday, Big Blue announced an enormous quarter billion-dollar, five-year investment in Sensor and Actuator Solutions, the division under which radio frequency identification falls. The company plans to capitalize on its 18-month experience in RFID to quickly establish a leadership position in the market. It plans a Q4 release of its WebSphere RFID middleware system, and it will be reallocating 1,000 employees to the greater initiative. Sensor and Actuator Solutions' parent division, Pervasive Computing, is an attractive one for IBM, having grown 36% in 2003 to generate revenues of $2.4 billion.

Read the article at internetnews.com
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