Invixium acquires Triax Technologies to expand its business

TORONTO, July 17, 2024 (GLOBE NEWSWIRE) — Invixium, a global leader in biometric access control, workforce management and visitor management solutions, is proud to announce the acquisition of U.S.-based Triax Technologies (Triax). This strategic acquisition expands Invixium’s portfolio to include Triax’s AI-powered Real-Time Location Systems (RTLS) and connected worker solutions designed to improve employee productivity and equipment utilization. With this move, Invixium expands its scope beyond point-of-entry access control to address the complex, everyday challenges of critical infrastructure and industrial workplaces such as oil and gas, manufacturing, construction, chemical, mining and energy.

“We identified more real problems to solve,” he said. Shiraz Kapadia, CEO and President of Invixium“This acquisition underscores our commitment to delivering innovative solutions that address the health, safety, security and productivity needs of our customers in their facilities. With the acquisition of Triax, we now offer end-to-end solutions from secure entry points to the entire operational environment. This bold step marks a key advancement in our growth strategy.”

Triax’s flagship connected worker solution, Spot-r, is an innovative, GPS-free platform featuring a patented, scalable mesh network, compact hardware, and actionable dashboards. The system uses wearable tags to collect and transmit data to cloud-based software, delivering near real-time insights. The robust, easy-to-deploy solution operates on a standalone network, bypassing the back-end IT infrastructure. Software dashboards and AI-powered analytics help industries identify and address critical productivity pain points, effectively track equipment utilization, and reduce emergency response times, all while improving overall workplace safety and operational efficiency.

“The Triax platform for increasing work productivity and workplace safety perfectly complements Invixium’s established portfolio of biometric access solutions and services,” he said. Scott MacDonald, CEO of Triax Technologies“I am confident that Invixium will continue to advance connected solutions and increase their impact, delivering significant value to our collective industrial customers and stakeholders.”

Invixium and Triax technologies will help organizations minimize the risk of unauthorized access and streamline operations, setting new standards for industrial security and efficiency. With proven ROI from Triax solutions, including significant labor savings from increased tool uptime and reduced injury claims, Invixium is poised to transform industrial operations globally.

Invixium is committed to a seamless integration process, ensuring continuity of services and introducing a broader spectrum of technologies to meet the evolving needs of both companies’ customers.

The financial terms of the acquisition were not disclosed.

For more information please contact:

Shiraz Kapadia, CEO and President
[email protected]

Sandra Santos, Marketing and Communications Director
[email protected]

Phone: +1 844-468-4948

About Invixium
Headquartered in Toronto, Canada, with a presence in India, the Middle East, the UK, the US, Latin America and Africa, Invixium designs and manufactures rugged biometric solutions for access control, workforce management and visitor management. Their fully integrated hardware, software and mobile solution helps improve the health, safety, productivity and security of businesses and industries by utilizing accurate data capture and intelligent data analysis. With deployments across large enterprises and industries, Invixium strives to deliver industry-leading, Canadian-made biometric solutions that are not only visually stunning, but also intuitive in terms of ease of use and installation.

About Triax Technologies
Based in Connecticut, USA, Triax Technologies delivers innovative, people-centric solutions that improve the safety and productivity of asset-intensive organizations. Their patented technology and certified, intrinsically secure hardware help connect workers and physical assets to provide business leaders with decision-quality data. Spot-r®, a registered trademark of Triax Technologies, Inc., is a comprehensive solution that offers a proprietary mix of devices (including wearable technology and AI-enabled cameras), networks, applications and insights to collect and synthesize hard-to-capture field data in real time. Their platform provides insight into productivity metrics, safety compliance and asset management.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a506ad8e-403e-4e11-a182-acb0aa7f8e3e