This Research Note examines what’s behind Identiv’s latest move to divest its physical security business to European security solutions player, Vitaprotech. We review the new IoT business and the transaction details in the context of Identiv’s strategic review and 2023 financial performance, before exploring the implications for Vitaprotech. This article is based on Identiv’s Strategic Review Presentation, 3rd April 2024, 2023 results and supplementary analysis of the Vitaprotech group. New Identiv IoT Business Following a strategic review, Identiv has decided to divest its physical security business and focus on its IoT solutions business which is centred on RFID technology. Identiv Strategic Review Presentation, 3rd April 2024 Identiv expects to realign their growth strategy with a particular focus on healthcare-related segments and other high value-add opportunities for which they believe their technology can be both differentiated and transformational. As the healthcare industry and its providers advance their digital transformation, Identiv’s aim is to ensure that its […]
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