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Digital & AICapital & Financial MarketsPortfolio & StrategyLeadership & Governance 15 Sep 2026

Identiv completes IoT asset sale to Trackonomy, renames itself INVE Technologies

Identiv, Inc. has closed the sale of its legacy IoT business and Identiv brand name to Trackonomy Systems, and has renamed the parent company INVE Technologies, Inc. INVE received USD 50m in Trackonomy preferred equity and plans to pivot to a physical AI SaaS model built around acquisitions of compliance software companies, with James Greenwell taking over as interim CEO from 21 September 2026.

Why this mattersThe transfer of Identiv's IoT hardware to Trackonomy concentrates smart-label supply for track-and-trace applications, while the listed parent leaves hardware for compliance software.

  • Identiv sold its legacy IoT business assets and the Identiv brand name to Trackonomy Systems, with closing announced on 15 September 2026.
  • INVE Technologies received USD 50m in Trackonomy preferred equity at closing, subject to post-closing adjustment.
  • Identiv, Inc. has been renamed INVE Technologies, Inc. and continues to trade on Nasdaq under the ticker INVE.
  • James Greenwell becomes interim chief executive on 21 September 2026.
  • Kirsten Newquist resigns as chief executive on 21 September 2026 and from the board on 30 September 2026.
  • The two companies are working towards a definitive partnership on software using Trackonomy's physical AI platform.
  • The IoT assets transferred to Trackonomy include Identiv's German R&D centre and Thai manufacturing subsidiary.
  • Identiv injected USD 25m in cash into Trackonomy in exchange for its USD 50m stake in Trackonomy preferred stock.
  • Trackonomy retains the Identiv brand for smart-label manufacturing and has formed Trackonomy Group, combining chip design unit InPlay, label manufacturing and its Sentient cloud platform.
  • Identiv and Trackonomy have signed a long-term strategic cooperation agreement covering software.
  • Deal completion confirmed as 16 September 2026
  • Identiv paid USD 25m cash to subscribe its USD 50m Trackonomy Series C preferred stock
  • Transferred assets include UHF/HF/NFC RFID tag and inlay operations, patents, German R&D team, Thailand manufacturing site and global channel network
  • Identiv's FY2025 revenue was USD 21.5m with GAAP gross margin of 6.1%, up from 1.3% in FY2024
Identiv Trackonomy Systems counterparty
Sources prnewswire.com tradingview.com itiger.com lifestyle.eastmnweeklynews.com business-news-today.com identiv.com lifestyle.tasteterminal.com bizworldireland.ie eu.36kr.com santabarbara.newsnetmedia.com datatooza.com KO rfidjournal.com eu.36kr.com ZH eefocus.com ZH m.rfidworld.com.cn sensorexpert.com.cn ZH
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-16 · Edited before publication: 'Removes a supplier from the sector' is wrong: the IoT business and the Identiv brand transfer to Trackonomy and continue operating. Consequence line corrected.
  • 2026-09-17 · Further coverage added: tradingview.com
  • 2026-09-17 · Further coverage added: itiger.com
  • 2026-09-17 · Further coverage added: lifestyle.eastmnweeklynews.com
  • 2026-09-17 · Further coverage added: business-news-today.com
  • 2026-09-18 · Further coverage added: identiv.com
  • 2026-09-18 · Further coverage added: lifestyle.tasteterminal.com
  • 2026-09-18 · Further coverage added: bizworldireland.ie
  • 2026-09-19 · Further coverage added: eu.36kr.com
  • 2026-09-19 · Further coverage added: santabarbara.newsnetmedia.com
  • 2026-09-20 · Further coverage added: datatooza.com
  • 2026-09-20 · Further coverage added: rfidjournal.com
  • 2026-09-20 · Update: Further detail confirms Identiv paid Trackonomy USD 25m in cash alongside receiving USD 50m of Trackonomy Series C preferred stock, and sets out the scope of assets transferred and the unit's FY2025 financials.
  • 2026-09-21 · Further coverage added: eefocus.com
  • 2026-09-21 · Edited before publication: Five key facts (USD 25m cash to Trackonomy, the UHF/HF/NFC asset list with German R&D and Thai plant, USD 21.5m FY2025 revenue at 6.1% gross margin, the Singapore-to-Thailand move) are not in any of the three excerpts, which are the same press release; ten key facts exceed the limit of six and four topics exceed three. "Why this matters" claimed an RFID and smart-label b
  • 2026-09-21 · Edited before publication: Four topics carried; house style allows one to three. Reduced to the transaction, the USD 50m preferred equity consideration and the chief executive change. Facts, dates and the USD 50m figure all appear in the press release excerpts.
  • 2026-09-22 · Update: Further detail shows Identiv contributed USD 25m in cash to Trackonomy for its USD 50m preferred stock stake, with the deal also transferring a German R&D centre and Thai manufacturing subsidiary, as Trackonomy forms a new group spanning chip design, label manufacturing and cloud software.
  • 2026-09-25 · Update: Trackonomy confirms the Identiv tag-business transfer completed 16 September 2026, detailing Identiv's USD 25m cash payment to subscribe the USD 50m Series C stake and the new three-unit group structure.