RFID tech firm ODIN Technologies of Ashburn, VA has acquired Reva Systems in a mostly stock deal. The acquisition price was not disclosed.
The Boston Globe notes that Reva has previously raised about $35 million in funding from North Bridge, Charles River Ventures, Cisco, and others. ODIN implied that it has raised about $15 million.
ODIN CEO Patrick J. Sweeney II (shown) will remain as CEO. Reva CEO Bruce Berger will not stay on after the acquisition.
Among other applications and systems, ODIN sells a cool weapons tracking app called EasyArms.
[From ODIN, Boston Globe]
