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.
Other Recent News
May 15, 2013
SSI Editor-in-Chief Scott Goldfine will host a Fujitsu-sponsored Webinar titled "The Benefits of Using Biometric Authentication for Access Control" on May 21 at 2 p.m. EDT.
May 7, 2013
Traka USA, a developer of intelligent key and asset management solutions, and Lenel Systems Int’l have signed an agreement that allows Lenel to resell three base levels of Traka key cabinets to its customers in North America and Latin America.
April 30, 2013
Kastle Systems Int’l, a provider of managed security solutions, announced it has acquired cloud-based intelligent video surveillance manufacturer CheckVideo for an undisclosed amount.
March 27, 2013
Stanley Security Solutions (SSS), part of Stanley Black & Decker, has extended its partnership with EyeLock, a provider of iris-based identity authentication solutions.
March 20, 2013
The Physical Security Interoperability Alliance (PSIA) has released two new profiles — one for access control and the other for intrusion detection — as well as a tool for testing whether products conform to the profiles.