Overview

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Total Equity Funding
$35.3M in 3 Rounds from 3 Investors
Most Recent Funding
$7.5M Venture on May 23, 2011
Headquarters:
Lustenau, Vorarlberg
Description:
Identec Solutions provides RFID technology platforms to aid processes and tracking management in mass production plants.
Categories:
RFID, Wireless, Software
Website:
http://www.identecsolutions.com
Social:

Company Details

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Identec Solutions provides its customers with RFID technology to help better manage their processes and track whatever their particular situation requires. They focus on a number of sectors, including automotive, transportation, logistics, oil, gas, mining, aerospace and defense.

Founded in 1999, IDENTEC SOLUTIONS immediately set the industry standard in the RFID industry with the introduction of its Intelligent Long Range® (ILR®) technology, a breakthrough in the world of low-power, long-range wireless communication.

In 2006, IDENTEC SOLUTIONS acquired a premier industrial RFID supplier to the automotive industry. Today, one of every three vehicles is manufactured with wireless technology pioneered by IDENTEC SOLUTIONS. The acquisition of WTEK in 2007, a Norway based personnel safety solution provider to the Oil, Gas, Tunnel and Mining industries, led to the expansion of IDENTEC SOLUTIONS’ award-winning RFID technology portfolio, which enabled the company to become an established provider of complete solutions to this burgeoning market. In 2008, IDENTEC SOLUTIONS was named as a key technology supplier by two of the four US Department of Defense selected contractors in their RFID III Procurement Contract. The 2010 acquisition of Sattel from DP World fuelled IDENTEC SOLUTIONS’ on-going commitment to offering complete, high-value applications and technologies for the Marine and Intermodal industry.

Funding Rounds (3) - $35.3M

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DateAmount / RoundValuationLead InvestorInvestors
May, 2011$7.5M / Venture0
Nov, 2006€10M / Venture3
Jun, 2006$15M / Venture1

Current Team (5)

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Offices/Locations (2)

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  • Headquarters

    Millennium Park 2

    Lustenau, Vorarlberg 6890

    Austria

  • US Office

    Liberty Plaza II Suite 375

    5057 Kelle Springs Rd

    Addison, Texas 75001

    United States

Past Team (1)

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