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Funding fuels expansion



Published July 18, 2006
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Funding fuels expansion
for a global RFID player
Here’s another link to Cambridge, this time the one in Massachusetts, and also involving RFID technology. Again, it shows the attraction to high-tech companies in being connected to towns or cities with long-standing reputations as centers of academic and technical excellence. TAGSYS, which claims to be a leading international player in asset-tracking RFID infrastructure, recently moved its global headquarters from Marseille, France, to Cambridge. The company expects to benefit from the region’s pool of talent and resources, including the Massachusetts Institute of Technology and other leading academic institutions. TAGSYS will still retain its facilities in France. It also has offices in Boston, MA; Doylestown, PA, and in Hong Kong.
The move follows the completion of a $35 million round of financing involving private banks and venture capital investors. This will fund further growth and more R&D expenditure in the item-level aspect of the RFID market.


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