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LINCOLNSHIRE, Ill. & BELLEVUE, Wash. - Zebra Ventures, the corporate venture capital arm of Zebra Technologies (NASDAQ:ZBRA), has made a strategic investment in Xemelgo, a provider of cloud-based RFID software solutions, according to a press release statement.
Xemelgo’s platform combines artificial intelligence, cloud computing and RFID technologies to provide real-time visibility for manufacturing operations, enabling businesses to track inventory, work orders and assets. This strategic move comes as Zebra Technologies maintains robust operations with $5.1 billion in revenue and healthy profit margins of nearly 49%.
The investment will support Xemelgo’s expansion into new market segments, enhancement of its AI capabilities, and efforts to meet increasing customer demand, the companies said.
"With Zebra Ventures as a strategic partner, we’re embedding our smart manufacturing platform deeper into industrial workflows," said Rich Rogers, Co-Founder and CEO of Xemelgo.
As a Zebra Premier ISV partner, Xemelgo’s software integrates with Zebra’s RFID readers, mobile computers and printers to deliver solutions to joint customers.
Andy Zosel, Senior Vice President and General Manager of Intelligent Automation at Zebra Technologies, stated, "Advanced RFID software is a critical enabler for smarter decision-making."
Xemelgo has deployed its platform in more than 100 factories with customers including Yamaha and SEKISUI Aerospace.
The investment aligns with findings from Zebra’s Manufacturing Vision Study, which reported that 92% of manufacturers surveyed consider digital transformation a priority for their organizations.
Financial terms of the investment were not disclosed.
In other recent news, Zebra Technologies reported robust financial results for the first quarter of 2025, surpassing market expectations. The company achieved earnings per share (EPS) of $4.02, exceeding the forecasted $3.62, and reported revenue of $1.31 billion, slightly above the anticipated $1.29 billion. Despite facing tariff-related challenges, the company saw an 11% increase in Q1 revenues, surpassing both consensus forecasts and the higher end of its own guidance. In response to these results, Needham analysts adjusted their price target for Zebra Technologies, lowering it to $325 from $395, while maintaining a Buy rating. The analysts’ decision reflects the company’s strong performance and positive outlook for the second quarter and the entire year of 2025. Zebra Technologies reiterated its revenue projections for 2025 and made a modest 5% reduction in earnings expectations at the midpoint. These recent developments highlight the company’s resilience and ability to exceed financial forecasts.
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