HID Global, a provider for the delivery of secure identity, announced that parent company Assa Abloy has acquired ActivIdentity, a supplier for authentication and credential management. The acquisition will widen the scope of HID’s security industry leadership with incremental capabilities focused on the convergence of physical and logical access control.
HID Global, a provider for the delivery of secure identity, announced that parent company Assa Abloy has acquired ActivIdentity, a supplier for authentication and credential management. The acquisition will widen the scope of HID's security industry leadership with incremental capabilities focused on the convergence of physical and logical access control.
ActivIdentity provides identity assurance solutions, helping commercial and government organizations to defend against security threats and meet compliance objectives, while eliminating duplicate infrastructure and simplifying the user experience. The addition of ActivIdentity's authentication, credential management, security client and authentication device products and technologies to HID's identity and access management business will result in a portfolio of converged access solutions for HID and ActivIdentity customers.
“ActivIdentity is a strategic fit on several dimensions with HID's vision of leadership in solutions for the delivery of secure identity,” said Denis Hebert, President and CEO, HID Global.
“The combination of ActivIdentity with HID represents an important industry inflection point of logical access and physical access delivery capabilities,” said Grant Evans, Chairman and CEO of ActivIdentity. “The ability to deliver such a solution as this to our customers and partners represents a compelling ROI that has been extremely challenging to recognize in the past.”
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.