ORLANDO, Fla., April 16 2010-- RFID Journal Live! -- RFID Invest AG, an investment firm focused specifically on RFID technology, today announced the acquisition of San Jose, CA-based InSync Software, Inc., a provider of RFID and sensor-driven application software.

"The acquisition of InSync Software is an important step in filling the application software gap in our portfolio companies," said Martin Zumbtobel, RFID Invest's Managing Director. "Customers are increasingly seeking end-to-end industry solutions which include hardware integrated with full featured application software that takes advantage of the hardware capabilities."

"InSync Software, and its RFID-as-a-service offering is truly innovative. Becoming part of the RFID Invest Portfolio provides us the opportunity to be the software application platform for all these companies and their customers. The InSync team is excited in joining the RFID Invest group of leading RFID technology companies. This is a clear recognition of the importance of application software by the market place," commented co-founders Ashish Chona and Ravi Panja.

The acquisition is expected to drive increased sales and revenue for the RFID Invest Portfolio companies by providing complete solutions to their customers and partner eco-system.

Exact details of the transaction were not disclosed.

About RFID Invest AG -
RFID Invest AG is an investment firm based in the Principality of Liechtenstein that focuses on RFID companies with strong management teams and proven products and services that have an exceptional potential for growth. www.rfidinvest.eu