American Green Takes Receipt of TrackX, a Cloud-Based Physical Asset Management
TEMPE, AZ: American Green, a technology based company that serves the medical cannabis industry acquires TrackX, a provider of complete Radio Frequency Identification (RFID) tracking and cloud-based physical asset management systems.
The investment will assist, American Green to make optimum use of the asset tracking technology in States that offer (or planning to offer) legal cannabis program with companies seed-to-sale tracking platform.
"We are eager to assist TrackX in maximizing how it serves its impressive client list; help them deliver the business in their equally impressive pipeline and develop new business, aided by our extensive tracking candidates our company has already developed in this sector. The opportunities are endless in tracking and efficiency which is why our team spent more than 3 months pursuing and negotiating this critical acquisition," explains Stephen Shearin, American Green President.
TrackX develops and implements solutions that improve the efficiency and effectiveness of tracking and managing physical assets. It improves the visibility, accuracy, security and utilization of a company's mobile and fixed assets. As per American Green, TrackX is all set to be the next-generation platform for the "Internet of Things" which is expected to generate $14.4 trillion in value by 2022.
“ We are proud of what we have achieved up to this point and are particularly excited about where the union with American Green and our next-generation RFID-enabled asset tracking technology will take us," comments TrackX CEO, Tim Harvie on the acquisition.