May 23, 2005
VeriSign Acquires R4
Global supply chain payment leader VeriSign has acquired RFID consulting firm R4 Global Solutions for $15 million. This merger comes on the heels of the one between the Uniform Council Code's UCCnet and Tesora. And a month ago, GlobalNetXchange LLC and WorldWide Retail Exchange announced plans to merge. According to Information Week:
These combos should help strengthen the pairing of data synchronization and RFID as methods to access and share supply-chain data, primarily in the retail and consumer-goods industries. "The trend toward collaboration has been going on for five years, and we're beginning to see the crossover of RFID and data synchronization," says Jeff Richards, R4's former president and CEO, who's now director of directory services at VeriSign.
Read more: VeriSign Buys R4 Global For $15 Million
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