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NCR Acquires IDVelocity
Transaction processing giant NCR yesterday announced the acquisition of the assets of IDVelocity. Based in Greensboro, North Carolina, IDVelocity makes software that collects, routes, and analyzes RFID data. Financial terms of the acquisition were not disclosed.
Apr 11, 2006—This article was originally published by RFID Update.
April 11, 2006—Transaction processing giant NCR yesterday announced the acquisition of the assets of IDVelocity. Based in Greensboro, North Carolina, IDVelocity makes software that collects, routes, and analyzes RFID data. Financial terms of the acquisition were not disclosed. According to the announcement, IDVelocity has done more than 200 deployments of its solution.
NCR was already an OEM provider of IDVelocity's solution, which the company had branded NCR TransitionWorks Software Suite. IDVelocity's software supports NCR's Teradata database (Teradata's parent company is NCR). Teradata's analytics capabilities fuse well with IDVelocity's granular tracking of tagged items as they move through the supply chain. The acquisition is expected to help round-out NCR's RFID offerings portfolio. Ken Hamlin, IDVelocity's founder and CEO, was quoted as saying, "NCR is uniquely positioned to globally deliver end-to-end RFID solutions. Becoming part of NCR will give IDVelocity, its partners and customers access to world-class technology and best practices across all major industry verticals, and will enable us to further extend our solutions worldwide."
Another aspect of the IDVelocity solution that was attractive to NCR is its ability to work with all types of automatic identification and edge devices. IDVelocity's website literature stresses the solution as a general data acquisition platform that leverages any data, be it from RFID, bar codes, sensors, or other devices. "NCR also understands that the real breakthrough in operational efficiency and supply-chain security will not come from RFID alone, but through its combination with other technologies such as global positioning systems, biotechnology, voice, bar codes and sensor technologies," said NCR senior vice president Lee Schram in a statement. "IDVelocity provides NCR the foundation to create and deliver solutions utilizing any combination of these technologies."
Read the announcement from NCR
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