Identiv announces asset purchase agreement with security solutions provider vitaprotech for $145 million

Fremont, calif.--(business wire)--identiv, inc. (nasdaq: inve), a global digital security and identification leader in the internet of things (iot), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to vitaprotech, a security solutions provider. the proceeds from the sale will significantly strengthen identiv's financial position, generating capital to fund future organic and inorganic growth of its speci.
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