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Business/Financial

Savi Files For Bankruptcy; Shutting Down Commercial Business To Focus On Defense Customers

By Cal Biesecker

Tuesday, August 24th, 2021

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Savi Files For Bankruptcy; Shutting Down Commercial Business To Focus On Defense Customers

Savi Technology's active RFID technology provides in-transit visibility for Defense Department logistics and supplies. Photo: Savi Technology

Supply chain tracking company Savi Technology on Tuesday said it has decided to close its commercial software business and file for bankruptcy to better enable it to restructure and focus on its government contracts. News of the Chapter 11 bankruptcy filing was first reported by Washington Business Journal, which said the company is more than $2.5 million in debt to its largest creditors. Savi supplied radio frequency-based technology and related software to track logistics and supply chain movements for its…

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