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UPS Invests In Company That Combines Wi-Fi And RFID

G2 Microsystems makes radio-frequency identification chips for managing and tracking mobile devices using Wi-Fi networks.
UPS Strategic Enterprise Fund, a private-equity strategic investment arm of UPS Inc., has provided Series A funding to G2 Microsystems Inc., which makes radio-frequency identification chips for managing and tracking mobile devices using Wi-Fi networks.

Mobile-resource management lets businesses track assets worldwide and monitor their environment and security. G2 Microsystems is developing an ultra-low-power, active-asset tracking-system-on-a chip product line, called SmarTag, for location-based service applications that tap into Wi-Fi networks.

Other investors in the Series A round include Starfish Ventures and DB Capital Partners, the private-equity and venture-capital arm of Deutsche Asset Management Ltd. Terms of the investment weren't disclosed.

"We are excited to have UPS as an investor," said John Gloekler, G2 Microsystems' CEO and president, in a statement "Their knowledge and operational experience in deploying worldwide asset-tracking systems will greatly enhance G2 Microsystems' ability to deliver superior technology to the Mobile Resource Management market."