Cambridge, Mass. (PRWEB) May 23, 2006 –- TAGSYS, the global leader in item-level RFID (Radio Frequency Identification) infrastructure, today announced that it has completed a $35M round of financing and relocated its global headquarters to Cambridge, Massachusetts. The round was led by JPMorgan Partners (“JPMP”), and included Cazenove Private Equity, as well as previous investors Elliott Associates, L.P. and its affiliates, and Endeavour. Shahan Soghikian, Partner with JPMP, and Paul Murray, Director with Cazenove, will join the board of directors. The capital will be used to advance the company’s rapid global growth, expand R&D efforts, and accelerate its ability to bring end-to-end item-level RFID infrastructure solutions to markets that are increasingly embracing RFID.
