DALLAS — HID Global's parent company ASSA ABLOY grabbed headlines at ASIS 2010 here, announcing it has agreed to purchase authentication and credential management firm ActivIdentity. Terms of the agreement were not released.
"ActivIdentity is an excellent strategic fit on several dimensions with HID Global's vision of trusted leadership in solutions for the delivery of secure identity," says HID Global President and CEO Denis Hébert. "We're excited about the tremendous talent base that will add incremental and complementary capabilities to the HID Global organization."
The acquisition will allow HID Global offer both physical and logical access control solutions to its customers. ActivIdentity's authentication, credential management, security client, and authentication device products and technologies will be added to HID Global's Identity and Access Management business.
"The combination of ActivIdentity with HID Global represents an important industry inflection point of logical access and physical access delivery capabilities," says ActivIdentity Chairman and CEO Grant Evans Chairman. "The ability to deliver such a comprehensive and innovative solution as this to our customers and partners represents a compelling ROI that has been extremely challenging to recognize in the past."
Headquartered in Silicon Valley, Calif., ActivIdentity's revenue for the year ending September 2009 was $62 million. The transaction is expected to be completed by December, according to HID Global.
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