Fergie's Tech Blog

RFID Watch: Savi Sells for $400M

Matt Marshall writes on SiliconBeat:

[...] Savi Technology, of Sunnyvale, has just been sold to defense contractor Lockheed Martin for around $400 million, according to a well-placed source. Here's the Mercury News story.

Vector Capital, a San Francisco buyout firm which is the largest shareholder in Savi, is on a roll. It is the third deal worth about $400 million for the firm in just the last week.

It is relatively unusual for defense contractors like Lockheed to buy Silicon Valley companies.

posted by Fergie @ 5/04/2006 07:37:00 PM