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Identiv rebrands as INVE Technologies, sells IoT assets, and pivots to physical AI SaaS with new CEO.

Company Fundamentals
15 Sep 2026
PRNewsWire
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Bullish
Identiv rebrands as INVE Technologies, sells IoT assets, and pivots to physical AI SaaS with new CEO.

Identiv, Inc. has completed the sale of its IoT asset business to Trackonomy Systems and changed its name to INVE Technologies, Inc. The company plans to focus on building a physical AI SaaS business, leveraging a strategic partnership with Trackonomy and acquiring compliance SaaS companies. INVE Technologies received $50 million in Trackonomy preferred equity as part of the deal. James Greenwell has been appointed interim CEO to lead the company through this strategic shift, replacing Kirsten Newquist who will resign in September 2026. This pivot aims to create a scalable growth path by combining physical AI technology with SaaS solutions.

Identiv's recent strategic shift to INVE Technologies comes as a backdrop to the broader Technology sector performance on Pluang. For readers following this sector, here is Pluang's market snapshot as of Sep 16, 2026 02:41 WIB: out of 150 priced Technology-sector US stocks, 50 rose and 99 fell. Notable movers include Skyworks Solutions Inc (SWKS) with a price of USD 88.68 and a 1-day change of +11.88%, Coinbase Global, Inc. (COIN) at USD 173.07 down -9.60%, and Fubotv Inc (FUBO) at USD 10.81 down -8.89%.

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