RFID Solutions: Active RFID Technology Company RF Code Announces New Funding And New Austin, TX Headquarters
RF Code, Inc., one of the leading provider of enterprise-class active RFID technology, recently announced that it has closed a $13M round of venture capital funding from QuestMark Partners, Intel Capital, Moshe Azoulay and Hunt Holdings L.P.
RF Code also announced that it has completed a corporate relocation from Mesa, AZ to its new headquarters in the Waterford Centre Business Park in Austin, TX. The facility is located near Research Boulevard at the intersection of Waterford Centre Boulevard and Burnet Road, just south of the University of Texas' J.J Pickle Research Campus (PRC).
"As we announce the opening of our new headquarters in Austin, I see great potential for RF Code and its partners," said CEO Mitch Medford, who joined the company in March. "Our ability to leverage the regional ecosystem of enterprise technology innovators, Texas-based research institutions and a highly skilled local work force will be a tremendous advantage as we enter the next growth phase for the company."
RF Code develops ‘active RFID' tags and readers which are used to discover, track and monitor critical corporate assets in pharmaceutical, IT, defense and healthcare markets. The company was launched in the Phoenix area, where it has been headquartered since 1997. In December 2006 RF Code was named Arizona's ‘Innovator of the Year' at the annual Governor's Celebration of Innovation (in the Small Company category).
In addition to underwriting the company's move to Austin, the new investment will be used to support product development and grow the channel sales organization. All four of RF Code's previous investors contributed to this follow-on round of funding.
About RF Code, Inc.
RF Code provides enterprise-class active RFID technology and solutions used to discover, track and monitor the condition of critical assets, inventory and personnel. Founded in 1997, the company has developed an award-winning technology platform featuring patented solutions for active RFID operating at 433 MHz and 303 MHz.
RF Code and its world-class roster of integration partners develop solutions that are used around the world in demanding industry environments including healthcare, defense, manufacturing, transportation, hospitality, aerospace, information technology and homeland security. For more information, please call (877) 969-2828 or visit www.rfcode.com.
SOURCE: RF Code, Inc