RFID technology vendor CheckPoint Systems has agreed to acquire for an undisclosed sum RFID middleware and applications provider OATSystems to complement its merchandise protection and inventory management applications.
OATSystems will operate as a division of CheckPoint and will be headed by its current president and chief executive Michael George. CheckPoint will continue to use and develop the OATSystems brand and software platform for the retail, consumer products, life sciences, aerospace, and defense sectors.
Rob van der Merwe, president and chief executive at CheckPoint, said: The transaction is consistent with our plans for growing revenue both organically and through acquisitions. In acquiring OATSystems we are welcoming one of the most respected management teams in the industry.