Financing and new headquarters for TAGSYS

TAGSYS, the global leader in item-level RFID infrastructure, has announced the completion of a $35 million round of financing and will relocate its global headquarters to Cambridge, Massachusetts. The company’s current headquarters is located in Marseille, France.

The financing, led by JPMorgan Partners, is the largest rounds in the item-level RFID industry and mirrors the rapid growth of item-level RFID across a variety of sectors, including pharmaceuticals, retail, luxury goods, and fashion. TAGSYS counts brands like Pfizer and Philips as customers.

TAGSYS will use the funds to advance the company’s R&D efforts, grow its business in existing sectors and expand into emerging markets. The move to Cambridge will enable TAGSYS to tap into the region’s wealth of talent and resources, including the Massachusetts Institute of Technology (MIT) and other leading academic institutions.