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

Geschrieben am 19-07-2011

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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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
--------------------------------------------------------------------------------

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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