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RFID News Roundup
Checkpoint Systems intros Sense + Respond solution based on Microsoft Azure ••• Invengo acquires stake in ATID ••• Mojix offers OmniSenseRF inventory service for retailers ••• German retailer Gerry Weber selects Tyco Retail Solutions' TrueVUE software ••• Fujitsu launches UHF RFID tags for fashion apparel, accessories ••• Nedap unveils high-end UHF RFID solution for vehicle identification ••• FAA publishes draft revised advisory for use of RFID on aviation products, equipment.
Invengo Acquires Stake in ATID
Global RFID provider Invengo Technology has announced that it has acquired a stake in ATID, a handheld device specialist headquartered in Seoul, Korea. According to Invengo, the acquisition gives the company the ability to create a broad, functional RFID portfolio covering every component necessary for solution partners to solve customers' system needs—all from a single source. This year, the Invengo channel will begin to stock ATID's primary products, ensuring support and availability in multiple regions. In addition, Invengo reports, the ATID channel will continue to function, so existing ATID partners may continue to acquire their products as usual.
The transaction represents a majority stake, according to Scott Medford, Invengo's chief sales officer, adding that "the valuation and our purchase price will become public when the Invengo annual report is released. Our company doesn't want to disclose all the terms prior to that."
The transaction was completed in September 2015, Medford says, but it has taken time to finalize details. "Going forward, the integration and cooperation between the teams will be managed so that all parties are properly represented," he states. "A transaction such as this can be traumatic to both sides, and we intend to take our time to efficiently join the organizations."
Invengo recently announced its InPower Channel program, offering a wide range of fixed readers, handheld devices and antennas to complement its existing portfolio of RFID tags and inlays. ATID's partners will also be offered the opportunity to enhance their product portfolio by joining the InPower Channel program if they desire other Invengo products. The support provided by the Invengo InPower distributors and partner community now makes implementation of RAIN RFID solutions much more efficient, the company says.
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