Paragon ID acquires a controlling interest in Apitrak
A strategic investment which reinforces Paragon ID's leadership in Asset Tracking and Real-Time Location Systems
Paragon ID is pleased to announce its acquisition of a controlling interest in Apitrak, a French startup specialising in Real-Time Location Systems (RTLS) using a wide range of data acquisition technologies including active & passive RFID, Bluetooth Low Energy (BLE), Wi-Fi and GPS.
Having already established itself as the market leader in the UK hospital sector for locating equipment and people within the hospitals of the National Health Service, through its RFiD Discovery solution and having succeeded in also deploying it in several major industrial installations, Paragon ID continues to expand the reach of its RTLS offering with the acquisition of Apitrak in France.
Founded in 2016, Apitrak commenced its relationship with Paragon ID last year, with the signature of a technological and commercial agreement to jointly develop and propose cloud-based RTLS solutions. Over the course of the last twelve months, this partnership has resulted in the successful deployment of multiple installations combining the best features of RFiD Discovery and Apitrak. The “multi-technology” location-tracking IoT platform has been adopted in medical and industrial environments including manufacturing and logistics businesses, both in the UK and in France.
Clem Garvey, CEO, Paragon ID comments: “We are delighted to welcome the Apitrak team to Paragon ID. Our partnership, born in May 2020, got off to a flying start with the signature of several contracts in Summer 2020, including deployments to track movement of ventilators in Covid-19 wards. Apitrak and Paragon ID have since deployed solutions in industrial environments and have successfully responded to public tenders. This acquisition builds upon the outstanding success of the RFiD Discovery platform and represents a step-change in realising our ambition to become an international leader in RTLS solutions."Vincent Lê, CEO, Apitrak adds: “This past year has been very rewarding, and we have greatly appreciated the work we have done with the Paragon ID teams, particularly on the development of cutting-edge tracking solutions for clients with a wide variety of issues and needs. It seems natural for us after this year of collaboration to join Paragon ID and continue our work together with the goal of bringing new technological advances to our customers in asset and inventory tracking, as well as people protection applications."