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Omni-ID raised $21 million in funding

Rochester Business Journal
January 19, 2016

Omni-ID Inc. has raised $21 million in new funding to support global demand for its products, officials announced Tuesday.

Omni-ID’s radio-frequency identification tags and ProView tagging system have experienced strong growth, officials said. To support the growth the firm will open offices in Germany and India in the next few weeks as well as add to its offices in the United States, United Kingdom and China, CEO George Daddis Jr. said.

“We’ve experienced a remarkable level of growth over the past several years—a true testament to the value and quality of the solutions that we’re providing to the marketplace,” Daddis said in a statement.

“This investment will continue to fuel our growth with additions to the engineering and global sales teams allowing us to keep up with the strong demand for our products and solutions.”

Locally based Trillium International LLC led the investment alongside GE Ventures, Stonehenge Growth Equity Partners and YFY Group.

Brian Model of Stonehenge Growth Equity Partners, Ralph Taylor-Smith of GE Ventures, Bingyi Lin of YFY Group and Daddis are now part of Omni-ID’s board of directors. James Stoffel and Jose Coronas of Trillium International were already members of the board, officials said.

“For years, Omni-ID has been the leader in developing and providing industrial RFID solutions for asset tracking,” Stoffel said in a statement. “We’re pleased to continue our support as the company accelerates to meet the growing customer demand.”

(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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