Impinj Sells Memory Business to Virage Logic for $5.2M

Seattle-based Impinj, a maker of radio-frequency identification systems, has announced that it has sold its nonvolatile-memory intellectual property business to California-based Virage Logic for $5.2 million. Impinj will focus on its core business, which is developing RFID tags, readers, software, and antennas, while Virage Logic has hired the 30-odd Impinj employees who work on nonvolatile memory.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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