INVE, CSCO: Identiv Inc Stocks Soars on Cisco Systems, Inc. Deal

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Identiv Inc (NASDAQ:INVE) shares saw a huge jump following a deal with Cisco Systems, Inc. (NASDAQ:CSCO).

identiv-logo
Source: Identive

The deal between Identiv and Cisco will have the former providing a control system for the latter’s Internet of Things. The control system would be a physical device that would allow users to have control over all devices connected to the Internet of Things that are in their home.

Identiv’s goal is to create a control device that will be easy for customers to buy and use. It also seeks to cut cost and save customers money. The device could be used to control cameras, doors and other devices connected to the Internet of Things.

The Internet of Things is a system that would allow many devices in a home to be connected for easy control. These devices could communicate with each other to help manage a person’s time, such as setting back their alarm if a meeting at work has been delayed.

INVE shares were up 38% as of Thursday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/04/inve-csco-identiv-inc-stocks-soars-on-cisco-systems-inc-deal/.

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