Tagsys capitalizes on RFID demand

Sept. 12, 2007
Tagsys, a global leader in item-level RFID infrastructure, announced it has received further funding that brings total company financing to $80 million.

Tagsys, a global leader in item-level RFID infrastructure, announced it has received further funding that brings total company financing to $80 million. Tagsys said the additional $16 million will enable it to meet the high demand for item-level RFID systems in existing and breakthrough vertical markets while broadening its product portfolio.

The firm said the added funding comes on the heels of unprecedented product releases and increases in new customers. "We see market demand in alignment with our vision of RFID as part of the network fabric with a universal infrastructure-all built on standards and with quality-of-service guarantees," said Elie Simon, president & CEO.

Participating in the financing are all current investors, including J.P. Morgan, DFJ Esprit (formerly Cazenove), Endeavour, Elliott Associates, L.P., Saffron Hill Ventures, and Add Partners.

In addition, Tagsys said its strong performance also won it recognition from Venture Development Corporation (VDC) as a “Best Bet for RFID Investors” in 2007.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Take Control of Your Finances: A Practical Guide for Carriers in Trucking

This guide is designed to help you navigate these challenges, featuring strategies for automation, examples of effective tools, and a real-world success story from Phoenix Cargo...

Report: The 2024-2025 State Of Heavy-Duty Repair

Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...

Guide For Managing Maintenance

The Guide for Managing Maintenance is a comprehensive resource designed to help fleet managers improve their maintenance operations, reduce downtime, and lower overall fleet costs...

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...