RFID Acquisition in Security Market Segment

The Stanley Works agrees to purchase Xmark Corporation, a wholly-owned subsidiary of VeriChip, for $45 million cash. Stanley Works will integrate Xmark into its Security line of business. ...

... "Xmark, whose headquarters and principal operations are located in Ottawa, Canada develops, markets and sells RFID-based systems used to identify, locate and protect people and assets. Xmark focuses on three vertical markets: providing infant security systems under the Hugs and Halo brands, wander protection systems under the RoamAlert brand, and hospital asset tracking systems under the Assetrac(R) brand. " ...

Via Stanley Works: Agreement to Acquire Xmark from VeriChip Corporation