Wednesday, July 17, 2024 Invixium, a global leader in biometric access control, workforce, and visitor management solutions, proudly announces its acquisition of Triax Technologies, a US-based company. This strategic move enhances Invixium’s portfolio by incorporating Triax’s AI-based Real-Time Location Systems (RTLS) and connected worker solutions, which are designed to boost worker productivity and optimize equipment utilization. With this acquisition, Invixium expands its focus beyond entry-point access control to address the complex daily challenges faced in critical infrastructure and industrial worksites, including those in the oil and gas, manufacturing, construction, chemical, mining, and energy sectors.
“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 that boasts a patented, scalable mesh network, compact hardware, and actionable dashboards. This system uses wearable tags to gather and transmit data to cloud-based software, providing near real-time insights.
The rugged, easy-to-deploy solution operates on an independent network, bypassing internal IT infrastructure. Its software dashboards and AI-based analytics enable industries to identify and eliminate productivity bottlenecks, efficiently track equipment usage, 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 developed by Invixium and Triax are set to enhance organizational security and operational efficiency, establishing new benchmarks in industrial safety. Triax solutions have demonstrated a robust return on investment, notably through significant labor savings, increased tool time, and reduced injury claims.
Invixium is now positioned to revolutionize industrial operations on a global scale. Invixium is dedicated to ensuring a smooth integration process, maintaining uninterrupted service, and expanding the range of technologies to meet the evolving needs of both companies’ customer bases. The financial terms of the acquisition remain undisclosed.
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