15/10/2010
HID parent company Assa Abloy acquires Actividentity
Irvine, Ca
“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,” commented 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 organisation.”
“The combination of Actividentity with HID Global represents an important industry inflection point of logical access and physical access delivery capabilities,” stated Grant Evans Chairman and CEO of Actividentity. “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 recognise in the past.
Actividentity is headquartered in Silicon Valley, California with offices in France, UK, Germany, Sweden, Australia and Japan and employs over 200 people. Revenue for the year ending September 2009 was $62.0 million.
The transaction is expected to close in December 2010 subject to regulatory clearances and approval by owners of a majority of the outstanding shares of Actividentity.