Identiv to Acquire Thursby Software Systems, a Mobile Security Provider
Identiv expands its portfolio with government-grade smart card deployments and derived credential applications on Apple iOS and Android mobile devices.
FREMONT, Calif. — Identiv (NASDAQ: INVE), a global provider of physical security and secure identification, announced it has entered into a definitive agreement to acquire Thursby Software Systems, a provider of security software for mobile devices.
The acquisition is expected to strengthen Identiv’s identity offerings with complete solutions for secure and convenient logical access across smart cards and derived credentials on Apple iOS and Android mobile devices.
The transaction is a major strategic step toward Identiv’s vision of converged, highly secure yet frictionless access to information and places through a single identity and a single infrastructure platform, according to the announcement.
Thursby’s software solutions are said to provide strong security for enterprise and personal mobility, supporting bring-your-own-device (BYOD) and two-factor authentication (2FA) on mobile devices. The Arlington, Texas-based company enables Department of Defense (DoD)-issued Common Access Cards (CAC), federally issued Personal Identification Verification (PIV) cards, derived credentials, and commercially issued PIV-I cards to access, sign, encrypt and decrypt information and emails from Apple iOS and Android mobile phones or tablet devices.
Thursby’s solutions have allowed more than 100,000 DoD and federal employees, including the U.S. Navy Reserve via the Ready-2-Serve (R2S) mobile application, to use personal and government-furnished mobile devices to access needed information on-the-go. It has also sold more than 1 million software licenses to a range of customers and industries, including government, healthcare, finance, energy, education, OEMs and more, the announcement states.
“This combination substantially strengthens our position as a trusted provider of convenient high-security solutions to government and enterprise customers,” says Steven Humphreys, CEO of Identiv. “Thursby has built deep, long-standing customer relationships, completely aligned with our strategy of providing secure software platforms that are customizable to specific customer preferences.”
The acquired company first partnered with Identiv in 2011 as both a supplier of smart card readers and a customer by adding the Thursby Sub Rosa license to the Identiv mobile reader line-up, explains Bill Thursby, president and founder. “We are excited to be joining the Identiv team who shares our passion for bringing together security and innovation for our customers,” he says.
The acquisition is subject to customary closing conditions and is expected to close on or about Nov. 1. Management is scheduled to discuss the acquisition on its third quarter conference call after market close on Nov. 8
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