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%.
Evolution Petroleum reported a fiscal Q4 adjusted loss of $0.02 per share, missing the $0.01 estimate, but revenue rose 15% to $24.21 million, beating expectations. GAAP net income was $4.61 million, up from $3.41 million a year earlier, helped by un...
Veea Inc. shares surged 149.34% following the announcement of a potential business combination with NovaGen Group B.V. The deal aims to create NovaGen Health Networks, merging Veea's AI edge-computing tech with NovaGen's regenerative medicine. GeoNov...
Shares of Future FinTech Group (FTFT) dropped 28.61% after reversing previous gains, following a recent reverse stock split. Swarmer (SWMR) declined 28.36% as its post-IPO lock-up period expired, increasing potential share supply. Enova International...
Tigress Financial upgraded Intel's price target from $118 to $145, maintaining a "Buy" rating due to strong performance in Intel's Data Center and AI division, which saw a 59% revenue increase to $6.3 billion in Q2. The upcoming IPO of Altera, where ...
Uber Technologies reported a 25% year-over-year increase in gross bookings to $53.7 billion in Q1 2026, driven by growth in ride-hailing, delivery, grocery, retail, and membership services. CEO Dara Khosrowshahi's recent purchase of 141,000 shares wo...
