Identiv to Part Ways with Physical Security Business in $145 Million Deal
Wednesday, 3 April 2024, 11:03
Identiv to Part Ways with Physical Security Business
Identiv (INVE) has agreed to sell its physical security operations to Vitaprotech for $145 million, positioning the company for a strategic realignment.
Remaining Publicly Listed on Nasdaq
Identiv will continue to be publicly traded on the Nasdaq exchange, retaining its visibility and access to capital markets.
Conclusion: The sale of physical security assets signifies Identiv's commitment to optimizing its business focus and driving long-term value for stakeholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.