Invixium Acquires Triax Technologies to Expand its Biometric Solutions with AI-based RTLS Offering for Improved Safety and Productivity at Industrial Sites and Critical Infrastructure
July 17 2024 - 9:33AM
UK Regulatory
Invixium Acquires Triax Technologies to Expand its Biometric
Solutions with AI-based RTLS Offering for Improved Safety and
Productivity at Industrial Sites and Critical Infrastructure
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TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Invixium, a
global leader in biometric access control, workforce, and visitor
management solutions, proudly announces its acquisition of US-based
Triax Technologies (Triax). This strategic acquisition expands
Invixium's portfolio with Triax’s AI-based RTLS (Real-Time Location
Systems) and connected worker solutions, designed to improve worker
productivity and equipment utilization. With this move, Invixium
broadens its scope beyond entry-point access control to address the
complex daily challenges within critical infrastructure and
industrial worksites such as oil and gas, manufacturing,
construction, chemical, mining, and energy.
“We’ve identified more real-world problems to solve,” said
Shiraz Kapadia, CEO & President of Invixium.
“This acquisition highlights our commitment to delivering
innovative solutions that address our customers' health, safety,
security, and productivity demands for their sites. With the
addition of Triax, we now offer comprehensive end-to-end
solutions—from secure entry points to the entire operational
environment. This bold step marks a pivotal advancement in our
growth strategy.”
Triax’s flagship connected worker solution, Spot-r, is an
innovative non-GPS platform featuring a patented and scalable mesh
network, compact hardware, and actionable dashboards. The system
utilizes wearable tags to collect and transmit data to a
cloud-based software delivering near real-time insights. The
rugged, easy-to-deploy solution operates on an independent network,
bypassing internal IT infrastructure. The software dashboards and
AI-based analytics help industries identify and eliminate
productivity pinch points, track equipment usage efficiently, and
reduce emergency response times, thereby enhancing overall site
safety and operational efficiency.
“Triax’s labor productivity and workplace safety platform
perfectly complement Invixium’s established portfolio of biometric
access solutions and services,” stated Scott MacDonald,
Chairman of the Board at Triax Technologies. “I am
confident that Invixium will continue to enhance the combined
solutions and expand their impact, driving significant value for
our collective industrial customers and stakeholders.”
The technologies of Invixium and Triax will help organizations
minimize unauthorized access risks and streamline operations,
setting new standards in industrial safety and efficiency. With
proven ROI from Triax solutions, including significant labor
savings through increased time on tools and reduced injury claims,
Invixium is poised to transform industrial operations globally.
Invixium is committed to a seamless integration process,
ensuring service continuity and introducing a broader spectrum of
technologies to address the evolving demands of the customer base
of both companies.
The financial terms of the acquisition have not been
disclosed.
For more information, please contact:
Shiraz Kapadia, CEO & President
skapadia@invixium.com
Sandra Santos, Director of Marketing & Communications
ssantos@invixium.com
Phone: +1 844-468-4948
About Invixium
Headquartered in Toronto, Canada, with presence in India, Middle
East, UK, USA, Latin America, and Africa, Invixium designs and
manufactures rugged biometric solutions for access control,
workforce, and visitor management. Their fully integrated hardware,
software, and mobile platform solution helps improve the health,
safety, productivity, and security of enterprises and industries
using accurate data capture and intelligent data analytics. With
deployments at major enterprises and industries, Invixium strives
to provide industry-leading, made-in-Canada biometric solutions
that are not only visually stunning, but also intuitive for ease of
use and install.
About Triax Technologies
Headquartered in Connecticut, USA, Triax Technologies delivers
innovative, people-centric solutions to enhance safety and
productivity for asset-intensive organizations. Their patented
technology and intrinsically safe certified hardware help connect
workers and physical assets to provide business leaders with
decision-grade data. The Spot-r®, a registered trademark of Triax
Technologies, Inc. is a comprehensive solution that offers a
proprietary blend of devices (including wearable technology and
AI-enabled cameras), networks, applications, and insights to gather
and synthesize hard to capture field data in real-time. Their
platform empowers visibility into productivity metrics, safety
compliance, and equipment management.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a506ad8e-403e-4e11-a182-acb0aa7f8e3e