TAGSYS Raises $35 Million to Fuel Growth

Published: July 09, 2006, By pffc-online.com

PRESS RELEASE

CAMBRIDGE, MA—TAGSYS has completed a $35 million round of financing to advance the company's global growth, expand R&D efforts, and accelerate its ability to bring end-to-end item-level RFID infrastructure solutions to markets that are increasingly embracing RFID. The round was led by JPMorgan Partners, and included Cazenove Private Equity, Elliott Assoc., and Endeavour. The capital also will allow TAGSYS to capitalize on commercial momentum by expanding global production capacity, strengthening development efforts, and augmenting its sales and services.

The company also relocated its global headquarters to Cambridge, MA.

See tagsysrfid.com.