|Home||Internet of Things||Aerospace||Apparel||Energy||Defense||Health Care||Logistics||Manufacturing||Retail|
Savi Technology Acquired by Private Investors
The new owners plan to let the company operate under its existing management team, which will continue to market its 433 MHz active tags and readers, as well as develop new solutions for commercial, governmental and military applications.
Most recently, Savi Technology has developed a partnership with global inspection, testing and certification company SGS, which will now provide Savi solutions to track and monitor cargo and shipments for government agencies. In January, SGS launched its Omnis service, using Savi's Mobile Tracking System to provide a real-time visibility supply chain solution to African nations, including Kenya, Ghana and Tanzania. SGS Omnis and Savi, Clark says, expect to deploy the solution for additional governments and private interests during the coming year.
In the meantime, Meyer says, Savi's new owners will have no role in managing the company. "Savi has a well-seasoned management group," he states, which will continue to make decisions regarding how it develops its products and serves its customers. The investors will continue considering potential acquisitions to complement Savi, Meyer adds, such as additional software or RFID-based technology companies, though no such specific plans are presently in the works.
In the meantime, Savi is developing new products, including a new version of its ST 654 asset tag, which is already on the market but has yet to be publicly announced. The new tag is based on the company's system-on-a-chip—a silicon chip package that includes three different microprocessor chips to process and store data on RFID tags and readers (see Savi Unveils Developer Tools Program, System on Chip, to Spur Growth). It uses less power than other active 433 MHZ tags. Clark notes, and provides a longer read range.
In addition, Savi is focusing on software applications. The company plans to provide additional full solutions, Clark says, including tags, readers and software, as well as a hosted server, if necessary.
According to Clark, the company will continue to innovate with the private sector in mind. The military is currently buying less RFID technology than it was several years ago—due, in part, to the end of the war in Iraq and the drawdown in Afghanistan.
Login and post your comment!
Not a member?
Signup for an account now to access all of the features of RFIDJournal.com!
SEND IT YOUR WAY
RFID JOURNAL EVENTS
ASK THE EXPERTS
Simply enter a question for our experts.
|RFID Journal LIVE!||RFID in Health Care||LIVE! LatAm||LIVE! Brasil||LIVE! Europe||RFID Connect||Virtual Events||RFID Journal Awards||Webinars||Presentations|