IDENTEC Solutions
IDENTEC Group
IDENTEC

RFID Solutions Provider IDENTEC Group Lands $7.5 Million

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IDENTEC Group, a global RFID solutions provider, announced today that it has completed a $7.5 million equity capital round with private investors. IDENTEC says it serves more than 2,000 customers in 16 industries.

The company currently holds 100% or significant ownership in nine RFID solutions businesses and boasts sales and marketing operations in the US, including four US-based RFID companies.

Among the RFID solutions developed by IDENTEC companies are: the prevention of heat-related illness in athletes, rescue personnel and industrial workers; shrinkage control, inventory, and beverage management in the hospitality industry, and real-time tracking of fresh foods from field to fork.

The new financing will help escalate IDENTEC’s US expansion plans in addition to the ramping up of customer-facing solutions in key markets around the world.

Earlier this month, the company formerly known as RFID Invest acquired 100 percent of Hothead Technologies (see CrunchGear post here).