Identiv (INVE) said Monday it has completed the sale of its physical security business to Vitaprotech for roughly $144.2 million in cash.
The company also said it has named Kirsten Newquist its chief executive officer, succeeding Steven Humphreys.
Newquist was previously Identiv's president of IoT Solutions, it added.
Identiv said it continues to expect fiscal Q3 revenue from continuing operations of $5.8 million to $6.1 million.
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