AeroScout set to be sold for $200m

WiFi-based RFID chipset developer AeroScout Ltd. is set to be sold for $200 million. The Rehovot-based company, founded by CEO Yuval Bar-Gil in 1999, has 200 employees. AeroScout is in advanced talks with a large multinational infrastructures company. AeroScout originally developed Bluetooth technology under the name Bluesoft, before switching to radio frequency identification (RFID) technology and changing its name in 2004. The change in technology also involved a change in target market to consumer products and private users.