“I am very happy to welcome Quantum Secure to the Assa Abloy Group. This acquisition reinforces our strategy of being the world leader in secure identity solutions. Quantum Secure takes us one step further in being able to provide our customers with an end to end identity management system. The company has experienced very strong growth since its founding and we look forward to continued growth in the future,” says Johan Molin, President and CEO of Assa Abloy.

“Our acquisition of Quantum Secure gives customers a robust, policy-driven software application that will help them achieve their identity management goals,” says Denis Hébert, Executive Vice President Assa Abloy and Head of business unit HID Global. “The Safe software suite allows organisations to manage identities across multiple sites for employees, visitors, vendors, and contractors.”

Quantum Secure was founded in 2004 and the head office is located in San Jose, California. The company has some 175 employees and contractors.

Bookings are expected to reach USD 45 M (approx. SEK 400M) in 2015. The acquisition is expected to be neutral to earnings from start.