VeriSign Buys R4 Global For $15 Million - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

VeriSign Buys R4 Global For $15 Million

VeriSign Inc., which provides security, payment, and other services for networks within global supply chains, has acquired R4 Global Solutions for $15 million in cash. R4 is a consulting-services vendor that assists companies using RFID, electronic product codes, and other data-related supply-chain technologies.

The VeriSign acquisition follows other supply-chain-related consolidations in recent weeks. Last week, the Uniform Code Council Inc. revealed the merger of its data pool UCCnet, used by retail companies and their suppliers to share product information, with Transora, a company with a similar business model. Transora CEO Robert Noe will head the yet-to-be-named organization. Last month, retail supply-chain exchanges GlobalNetXchange LLC and the WorldWide Retail Exchange LLC unveiled plans to merge.

These combos should help strengthen the pairing of data synchronization and RFID as methods to access and share supply-chain data, primarily in the retail and consumer-goods industries. "The trend toward collaboration has been going on for five years, and we're beginning to see the crossover of RFID and data synchronization," says Jeff Richards, R4's former president and CEO, who's now director of directory services at VeriSign.

R4 brings customers to the merger, including Land O'Lakes, Levi Strauss, and McKesson. VeriSign will retain R4's 26 full-time employees.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll