SAP Cisco RFID Investment

SAP and Cisco invest in Reva Systems through investment, industry collaboration, and strategic relationships. ...

... "Reva Systems, an emerging leader among radio frequency identification (RFID) network infrastructure providers, announced $13.5M in second-round venture funding that includes a capital contribution and technology standards collaboration with Cisco Systems, Inc.; a capital investment and strategic relationship with SAP Ventures, a division of SAP AG (NYSE: SAP); and follow-on investments from Reva's original venture backers and individual investors, including North Bridge Venture Partners and Charles River Ventures. Today's announcement brings Reva's total funding to $20M including the original Series A financing in April, 2004. The investments will fund Reva's growth in a time of intensifying global RFID market expansion. The company is well-positioned with a robust RFID appliance to satisfy network management and scalability challenges that the RFID community now recognizes as the key to widespread RFID deployment.



Reva's approach and its product development are aligned with Cisco's expectation of the proliferation of RFID and the resulting demand for innovative solutions and network management to support RFID deployments. Reva is leading industry standards committees to help define network-to-reader protocols and other standards that will streamline RFID network integration, and its approach is becoming the practical model for managing readers and collecting data across any RFID implementation." ...

Via Reva Systems: Reva Secures Investments from Cisco Systems and SAP Ventures: Funding accelerates RFID network integration effort ...