RFID News Roundup

Oct. 6, 2006—The following are news announcements made during the week of Oct. 2.

SAP, Cisco Back Reva in Series-B Funding
Reva Systems, a provider of networked RFID interrogator-management systems, says it has closed its second round of investment funding. The company says it has received $13.5 million, with contributions from Cisco Systems and SAP Ventures, the Palo Alto, Calif., venture capital division of enterprise software provider SAP AG. This brings its total funding to $20 million. Reva's original venture backers and individual investors, including North Bridge Venture Partners and Charles River Ventures, also contributed to the round. Reva Systems will use the funding to market its Tag Acquisition Processor (TAP) platform (see Reva Taps Into Reader Networks), which can be deployed on top of the SAP NetWeaver integration and application platform, as well as its mySAP enterprise resource-planning platform.