Acquisition Expands Portfolio, Complements and Extends HID Global’s Position in Markets for Highly Secure ID Credentials
IRVINE, Calif., February 8, 2011 – HID Global, trusted leader in solutions for the delivery of secure identity, announced that its parent company, ASSA ABLOY, has completed the acquisition of LaserCard Corporation, a leading provider of secure ID solutions. The LaserCard acquisition further strengthens HID Global’s worldwide market position in the government ID market, and significantly expands its portfolio of identity authentication and government-issued credential solutions.
LaserCard’s industry-leading expertise ranges from secure card design and manufacture to issuance system implementation for large-scale citizen and resident identification programs. The company’s unique credential constructions feature LaserCard’s highly differentiated, counterfeit resistant optical security media (OSM) and embedded hologram technology that enables reliable credential authentication with the human eye.
“We are pleased to be adding such a strong talent base and product portfolio to the HID Global family,” said HID Global president and CEO Denis Hébert. “LaserCard shares HID’s vision to be the trusted leader in solutions for the delivery of secure identity. Together we will offer compelling advantages as a single source for complete e-identity solutions within our joint installed base.”
“The combined HID Global and LaserCard organization delivers a unique value proposition to our customers and partners in the government-issued ID market,” said Robert T. DeVincenzi, LaserCard president. “No other company offers the same breadth of products, technologies and service capabilities to the government e-identity segment. We now have the opportunity to accelerate our growth and diversification in this space by leveraging HID’s innovation expertise, strong market momentum and extensive global coverage.”
LaserCard will extend HID’s secure identity offering to include all necessary components and capabilities for producing completed national and state level government IDs. The acquisition fulfills several key objectives:
- Extends HID Global’s product-development competencies in highly secure ID credential technology.
- Expands HID’s geographic presence, projects and channels in the government ID market.
- Enhances HID’s Identity On Demand (IOD) service offering and expertise.
HID also recently announced the acquisition of ActivIdentity, which strengthened the company’s portfolio of authentication and credential management solutions.
About HID Global
HID Global is the trusted source for secure identity solutions for millions of customers around the world. Recognized for robust quality, innovative designs and industry leadership, HID Global is the supplier of choice for OEMs, system integrators, and application developers serving a variety of markets. These markets include physical and logical access control, including strong authentication and credential management; card printing and personalization; highly secure government ID; and identification technologies used in animal ID and industry and logistics applications. The company's primary brands include HID®, ActivIdentity™, FARGO®, and LaserCard®. Headquartered in Irvine, California, HID Global has over 2,100 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.