Identive Group Inc.

EANS-News: Identive Group Inc.
Identive Group acquires polyright SA


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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Mergers - Acquisitions - Takeovers

Subtitle: Acquisition Expands Multicard’s Reach in the European Education and
Healthcare Markets


Santa Ana, Calif. and ZURICHurich, Switzerland, July 19, 2011 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products,
services and solutions for the security, identification and RFID industries,
today announced the acquisition of polyright SA, a provider of identity
management solutions for the education and healthcare markets based in Sion,
Switzerland. The acquisition was made pursuant to an agreement executed on July
18, 2011 between Identive´s Multicard AG subsidiary and polyright´s co-owners,
Securitas AG and the Kudelski Group (SIX: KUD.S).

Founded in 1997 and with offices in Sion, Zurich and Lausanne, polyright is the
leading Swiss provider of identity management platforms and open-ended rights
and services management solutions for higher education, healthcare and industry.
The company´s core competence is the development, installation and maintenance
of single-credential, multi-function identity management and cashless payment
solutions integrated with third-party systems such as enterprise resource
planning or access control.  polyright´s platform allows integration of such
functions as personnel and user management, physical and logical access control,
cashless payment, and use of third-party services such as car parking,
bicycle/vehicle rental, printing and photocopying and similar applications.

Ayman S. Ashour, chairman and chief executive officer of Identive Group,
commented, "polyright´s exceptional position in the education and healthcare
markets in Switzerland will provide a strong addition to our Multicard business
in the loyalty and commercial sectors. The polyright team has done an excellent
job in building an identity management software platform that allows for easy
integration of multiple applications, and their reach to leading clients in
Switzerland as well as their direct link to consumers is an important attraction
for us."

Mauro Saladini, chief financial officer of the Kudelski Group, stated, "We are
very happy to have found the right partner who will further develop polyright´s
activities. Our decision to sell our equity position in polyright is an outcome
of the strategic review of the Kudelski Group activities announced in February
2011."

Hans Winzenried, chief executive officer Swiss Securitas Group, said, "We are
convinced that Identive Group will further strengthen polyright´s products and
services. I am glad that we can continue to offer and sell the polyright
solution to our customer base." 

Thierry Gattlen, founder and chief executive officer of polyright, commented,
"We are excited to join Identive as we see strong alignment with Identive´s
market activities around identity management. We believe we can provide
additional market opportunities for the company in Switzerland and look forward
to the continuation and expansion of our excellent cooperation with the Kudelski
and Securitas groups." 

About Identive Group
Identive Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV) is an
international technology company focused on building the world´s signature group
in secure identification-based technologies. The businesses within Identive
Group have deep industry expertise and are well-known global brands in their
individual markets, providing leading-edge products and solutions in the areas
of physical and logical access control, identity management and RFID systems to
governments, commercial and industrial enterprises and consumers. Identive´s
growth model is based on a combination of strong technology-driven organic
growth from the businesses within the group and disciplined acquisitive
development. For additional info visit: www.identive-group.com.

About the Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital security and
convergent media solutions for the delivery of digital and interactive content.
Its technologies are used in a wide range of services and applications requiring
access control and rights management to secure the revenue of content owners and
service providers for digital television and interactive applications across
broadcast, broadband and mobile delivery networks. The Kudelski Group is also a
world technology leader in the area of access control and management of people
or vehicles to sites and events. It additionally offers professional recorders
and high-end hi-fi products. The Kudelski Group is headquartered in
Cheseaux-sur-Lausanne, Switzerland. For more information, please visit
www.nagra.com

About the Swiss Securitas Group
The Swiss Securitas Group is a world leader in the field of security
(www.securitas.ch) and has been in business for 104 years. With its "Security
Services" and "Alarm and Security Systems" divisions it gives its clients the
benefit of comprehensive solutions for all aspects of security (guards, fire
warning, protection against breaking and entry, CCTV, access control, mission
and alarm centers etc.) in Switzerland, Europe and worldwide. The Securitas
Group headquarters is located in Zollikofen/Bern. Securitas is a family
business. Samuel Spreng, the Chairman of the Board of Directors, represents the
third generation. The Group reported sales of just under CHF 1 billion in 2010
and employs nearly 12,000 persons.  

About polyright SA 
Founded in 1997 in Sion (originally under the name Sport Access), polyright SA
develops and sells a unique multi-function RFID card solution targeted to the
Education, Health and Industry segments. With high-end customers in the segment
of Universities, polyright has a leading market position in Switzerland and is
one of the only suppliers of multi-function systems. Every day more than 150,000
students use a polyright card to access, pay, copy, print or even ride a
bicycle. For more information, please visit www.polyright.com.

Note Regarding Forward Looking Information 
This press release contains "forward-looking" statements about our business, as
that term is defined under the federal securities laws.  We intend such
forward-looking statements to be subject to the safe harbor created by those
laws.  We caution that these statements are qualified by important factors that
could cause actual results to differ materially from those reflected by the
forward-looking statements contained herein.  Such factors include, but are not
limited to, our ability to successfully integrate polyright SA into our
operations and other risks and uncertainties related to our business as detailed
in our Annual Report on Form 10-K for the year ended December 31, 2010 and
subsequent reports filed with the U.S. Securities and Exchange Commission.


Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: aoelsner@identive-group.com

end of announcement                               euro adhoc 
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company:     Identive Group Inc.
             Carnegie Ave., Bldg. B  1900 
             US-CA 92705  Santa Ana
phone:       +1 949 553 4280
FAX:         +49 89 9595-5555
mail:     investorrelations@identive-group.com
WWW:      http://www.identive-group.com
sector:      Computing & Information Technology
ISIN:        US45170X1063
indexes:     NASDAQ
stockmarkets: Nasdaq: New York, free trade: Berlin, Hamburg, Stuttgart,
             Düsseldorf, München, Open Market / Entry Standard: Frankfurt 
language:   English
 

 

 



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