In a bid to boost its global presence and enhance its position in the defense market, Fujitsu UK & Ireland has acquired GlobeRanger, a provider of RFID software and solutions.
It is expected that GlobeRanger will continue to operate out of its offices in Richardson, Tex., where it was founded in 1999. No purchase price was disclosed.
The deal marks the second time in less than four weeks that a billion-dollar player has targeted the RFID sector; Zebra acquired Motorola’s handheld unit last month for $3.45 billion. Fujitsu UK is a global provider of IT solutions and services with revenues of $1.8 billion.
By acquiring GlobeRanger, Fujitsu inherits a position in some of the largest RFID deployments in the world, including the U.S. Defense Logistics Agency and Flora Holland, both powered by GlobeRanger’s iMotion software platform.
“This acquisition is a key part of Fujitsu’s Global Defense Initiative which aims to harness the capabilities, technology and products from across Fujitsu’s global ICT business,” says Duncan Tait, head of EMEIA and corporate senior vice president at Fujitsu Limited.
“It will ensure our customers can be confident of best of breed, proven and cost effective solutions for the defense and defense-related industries.”
The purchase seems to be a strong fit for Fujitsu, a longtime supplier to the defense industry, including the UK Ministry of Defense and the Defense Intelligence Staff. The acquisition should bolster its overall defense industrial base and enhance its offerings in supply chain management and MRO.
GlobeRanger has a strong footprint in the US, notably with the Department of Defense, where many DoD departments utilize its software layer for passive RFID technology.
Flora Holland relies on Globe Ranger’s software tools to move more than 150,000 trolleys of flowers from one warehouse location to another for selling and shipping in Europe. The solution saves Flora Holland more than $200,000 annually.
Considered a leader in the emerging Internet of Things market, GlobeRanger’s solution removes the need for the wholesale replacement of existing information systems – something that has slowed RFID growth in the past.
GlobeRanger’s product suite provides a flexible set of tools, enabling the rapid development of RFID solutions that harness data and processes at the edge of the enterprise.
GlobeRanger is backed by venture firms Sevin Rosen Funds, CenterPoint Ventures, Ho2 Partners and STARTech Early Ventures. GlobeRanger raised $8.3 million in funding in 2009.