Integrity Data Solutions an automated data collection and supply chain solutions provider, announced that it has been acquired by a private investment group, led by Falx Capital LLC (“Falx Capital”). Terms of the deal were not disclosed.
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“We look forward to working with the ID Solutions team to pursue exciting strategic initiatives, as we seek to enhance the Company’s product offerings, invest in growth and continue the Company’s legacy as a vendor of choice in data collection and supply chain solutions.”
Headquartered in Phoenix, AZ, ID Solutions provides a comprehensive suite of automated data collection and supply chain solutions. Since its founding in 1999, the Company has served as a mission critical partner to a range of customers by providing custom design and assembly of fixed barcode imagers, RFID data collection solutions and proprietary cloud-based warehouse and inventory management software.
As part of the transaction, the Company’s Co-Founder, President and CEO, Stephen R. Moore will retire after assisting in the immediate transition, while the rest of the ID Solutions team will remain with the Company and to support the business on its next leg of growth.
Merrill Matthews, Managing Partner at Falx Capital, noted, “We look forward to working with the ID Solutions team to pursue exciting strategic initiatives, as we seek to enhance the Company’s product offerings, invest in growth and continue the Company’s legacy as a vendor of choice in data collection and supply chain solutions.”
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ID Solutions Co-Founder, Stephen R. Moore noted, “I am tremendously proud of the business we’ve built over the last two decades and the growth the Company has achieved. I look forward to watching the Company continue along its exciting trajectory.”
ID Solutions Co-Founder, John Tavis noted, “The acquisition and partnership with Falx Capital will assist in our plans for growth and support in the years to come. It injects both new resources and fresh perspectives to an already capable team. We are excited for the next leg of growth and ability to better serve our customers.”
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