FineLine Technologies, a Norcross, Georgia-based provider of data and RFID solutions to retailers, consumer brands and manufacturers worldwide, received a majority investment from Summit Partners.
The amount of the deal was not disclosed. In conjunction with the funding, Jay Pauley, a Principal at Summit Partners, and John Carroll, Managing Director at Summit Partners, has joined the FineLine Board of Directors.
The company intends to use the funds to further expand its position in the data and RFID solutions market globally.
Founded in 1998 and led by George Hoffman, CEO and Chairman of the Board, FineLine provides customizable branded, barcoded and RFID integrated labels, tags and badges for supply chain, omni-channel fulfillment, POS, access control and consumer engagement needs.
Its FastTrak, a cloud-based, client-facing technology platform, streamlines retail logistics between suppliers and retailers, providing an integrated ordering, production and tracking experience.
FineLine, which employs more than 360 employees in eight locations across the United States, Canada, the Netherlands, China, Hong Kong and India, currently serves more than 220 global retailers and consumer brands and 30,000 manufacturers worldwide.
FinSMEs
16/11/2016