Identiv Completes Sale of IoT Assets and Renames Company INVE Technologies, Inc.

Identiv, Inc. has finalized the sale of its Internet of Things (IoT) assets to Trackonomy Systems, Inc. for a total transaction value of $50 million. Following the completion of this deal, Identiv has rebranded itself as INVE Technologies, Inc. The transaction, which closed on September 15, 2026, involves the transfer of Identiv's legacy IoT business assets to Trackonomy, a company recognized for its innovative battery-powered smart labels and leadership in Physical AI technology.

The sale allows INVE Technologies to pivot its strategic focus towards developing a physical AI Software as a Service (SaaS) business. The company aims to leverage its new partnership with Trackonomy to enhance its offerings in compliance SaaS solutions. As part of the deal, INVE Technologies received $50 million in preferred equity from Trackonomy, which will support its transition and growth in the physical AI sector. This strategic move is expected to facilitate further acquisitions of compliance-focused SaaS companies, positioning INVE Technologies for scalable growth in a rapidly evolving market.

Trackonomy Systems, Inc. plays a crucial role in this transaction, given its expertise in Physical AI and its innovative product offerings. The acquisition of Identiv's IoT assets is anticipated to bolster Trackonomy's capabilities and expand its market footprint. The two companies are working towards establishing a definitive strategic partnership that will enable them to collaborate on software opportunities, potentially creating synergies that enhance their respective business models.

The broader implications of this transaction reflect a growing trend within the tech industry, where companies are increasingly focusing on specialized areas of expertise. The shift towards physical AI solutions aligns with market demands for smarter, more efficient technologies that can integrate seamlessly into existing infrastructures. As INVE Technologies and Trackonomy pursue their strategic objectives, they are likely to influence the competitive landscape of the SaaS and AI sectors.

In conclusion, the sale of Identiv's IoT assets to Trackonomy Systems marks a significant milestone for both companies. INVE Technologies' rebranding and strategic pivot towards physical AI SaaS solutions underscore the importance of adaptability in the technology sector. As the market continues to evolve, the success of this transaction will depend on the effective execution of their collaborative strategies and the ability to capitalize on emerging opportunities within the physical AI domain.