Identiv, Inc. is a technology enterprise specializing in security, dedicated to protecting objects, information, and physical environments across the Americas, Europe, the Middle East, and Asia-Pacific regions. The company operates through two distinct divisions: Identity and Premises. The Identity division delivers solutions for secure digital access, catering to cybersecurity and logical access demands, and also employs radio-frequency identification (RFID) for embedded security in connected devices and data. Meanwhile, the Premises division offers comprehensive security provisions for physical sites, encompassing access control, video surveillance, analytical tools, audio systems, and access readers. Its clientele spans diverse sectors, including governmental bodies, educational institutions, utility providers, healthcare facilities, retail establishments, and residential properties. Identiv's products are distributed through a robust network of dealers, system integrators, and various reseller partners. Founded in 1990 and headquartered in Fremont, California, the company adopted its current name, Identiv, Inc., in May 2014, having previously operated as Identive Group, Inc.
Identiv Completes Sale of IoT Assets and Renames Company INVE Technologies, Inc.
Identiv closed its IoT asset sale with Trackonomy Systems, transferred the legacy Identiv brand and IoT business to Trackonomy, and renamed itself INVE Technologies, Inc., keeping the INVE ticker on Nasdaq. The consideration received at closing was $50 million in Trackonomy preferred equity, subject to post-closing adjustment.
The go-forward strategy is to build a physical AI SaaS business through strategic acquisitions of compliance SaaS companies, synergistic with Trackonomy's platform. A definitive strategic partnership with Trackonomy is expected but not yet signed.
James Greenwell becomes Interim CEO effective September 21, 2026, bringing 30 years of transformation and SaaS commercialization experience. Kirsten Newquist resigns as CEO the same day, remains an employee through end of September, and leaves the board effective September 30, 2026.
Execution risk is elevated: the realized value of the stake depends on a private company's preferred shares, the partnership agreement is pending, and the company's own forward-looking statements flag Nasdaq listing risk and roll-up execution risk.