Israel's AeroScout to be acquired for $240M

AeroScout, a developer of WiFi-based RFID tags used for the tracking and monitoring of valuable enterprise assets, is holding talks for its acquisition at a price of $240 million. According to estimates in the industry, the buyer is a global service and infrastructures company that is expected to turn AeroScout into its development center in Israel. AeroScout was founded in 1999 and has since raised $83 million in six financing rounds. The company's estimated annual revenues are $40-50 million.

View more

From: infolivetvenglish

Related topics : asset tracking using rfid / rfid tags for asset tracking / aeroscout rfid tag price