Extended capacity RFID developer Intelleflex and analog chip maker Maxim Integrated Products have struck a deal. In exchange for some of Maxim’s RFID intellectual property (IP) and a handful of engineers, Intelleflex will grant Maxim an equity position in their company. In addition, Intelleflex and Maxim will partner on certain go-to-market activities in the future.
In total, seven engineers from Maxim will be joining the team at Intelleflex, and will be based in Dallas, TX, and at Intelleflex’s headquarters in Santa Clara, CA.
“We saw this spin-out combination as a natural fit that further strengthens Intelleflex’s position,” added Ketan Patel of New Venture Partners, who recently led an $8M investment round in Intelleflex. “The Maxim team was doing great work on a parallel path with Intelleflex. By joining forces, they’ll be able to move further, faster toward an impressive set of new extended capability RFID
products for major market impact in 2010 and beyond.”
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