RegardingID Archive | Vector Capital to Acquire Printronix

Thursday, October 4, 2007

Helping the enterprise-level RFID printing company Printronix “navigate complex situations,” San Francisco-based private equity buyer Vector Capital will acquire the company.

The announcement, made yesterday, follows the signing of an agreement between the two companies.

As Motley Fool puts it:

Printronix has tried to find growth in new segments, such as with RFID smart labels, which make inventory tracking easier. The company has formed relationships with various Wal-Mart suppliers, but it hasn’t been enough. The RFID market is still in its early stages.

The publication also notes that Zebra Technologies sells at about 2.9 times Printronix’s revenues.

Digicel, VeriFone launch NFC payments in Tonga

Mobile operator Digicel Pacific Limited has announced the deployment of VeriFone’s mWallet services and NFC-enabled payment systems in the Kingdom of Tonga.

Starting this week, Digicel subscribers in the the Tongan capital Nuku’alofa will be able to receive NFC tags that are linked to their mobile phone numbers and VeriFone’s contactless payment acceptance systems. Customers can affix these tags to their phones to tap and pay at over 50 merchants in Nuku’alofa.

Identive acquires majority stake in German cashless payment provider

Identive Group Inc. has announced a deal to acquire a majority stake in Hamburg, Germany-based payment solution AG, a cashless payment system provider for stadiums, arenas and other types of entertainment venues.

Capital One, Chase, Barclaycard team with Isis

Isis announced that Chase, Capital One and Barclaycard have entered into agreements with Isis enabling their credit, debit and prepaid cards to be placed into the Isis Mobile Wallet.

IdentiSys buys Capital Card Systems

IdentiSys Inc., an Eden Prairie, Minn.-based sales and service integrator of ID cards and access control security systems, has acquired Capital Card Systems Inc., a Rockville, Md. ID reseller. The purchase represents an expansion for IdentiSys into the Washington D.C. and Baltimore metro areas.

Foreign Affairs and International Trade Canada improves visibility abroad

PiiComm has been selected by the Department of Foreign Affairs and International Trade (DFAIT) Canada to provide an RFID-based asset tracking solution to monitor various assets stored at locations in over 170 missions worldwide.

TrackIT launches Cloud-based asset tracking system

TrackIT Solutions, an RFID solutions provider based in the Middle East, announced the launch of EnTrackAsset, a Web-enabled RFID tracking solution designed to streamline and automate corporate asset management.

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Vector Capital to Acquire Printronix