Dave Savastano03.31.10
SCM Microsystems, Inc., d/b/a. Identive Group, announced that it has entered into an agreement to acquire RockWest Technology Group, a privately held identification and security solutions provider. The primarily stock-based transaction is expected to close in Q2 2010.
RockWest provides ID management solutions and services to the education, government, corporate, casino and healthcare markets in the southwest region of the U.S. The company was founded in 1999 and is based in Denver, C), with branch offices in California, Arizona and New Mexico, employing 43 people.
RockWest’s focus on ID issuance and personalization and ID system integration complements Identive Group’s identity management solutions and services business. Following the transaction, RockWest will be integrated into Identive’s Multicard business and provide a portal for Multicard’s entry into the U.S. marketplace.
“The demand for identity management solutions continues to grow and RockWest has established itself as a leading player in the U.S. market,” Ayman S. Ashour, chairman and CEO of Identive Group, said. “RockWest is solid and profitable, with an experienced management team. The company has built an impressive portfolio of ID and security offerings, including a number of unique applications that it has worked closely with its customers to develop.”
George Levy, co-founder and CEO of RockWest Technology Group stated, “Identive’s group companies cover significant segments of the identification systems value chain. Being part of Identive Group will give us greater scale and resources to accelerate our growth and allow us to work together with other companies in the group to enhance our ability to capture expanding market opportunities. We are excited to be joining a team that shares our vision of the industry and is focused on profitable growth.”
Ashour added, “The addition of RockWest to Identive Group demonstrates the continued execution of our buy, build and grow strategy. RockWest’s strong regional presence and the experienced team around George Levy provide an ideal base from which to launch and build our Multicard brand in the U.S. and further expand our identity management and solutions offering.”
RockWest provides ID management solutions and services to the education, government, corporate, casino and healthcare markets in the southwest region of the U.S. The company was founded in 1999 and is based in Denver, C), with branch offices in California, Arizona and New Mexico, employing 43 people.
RockWest’s focus on ID issuance and personalization and ID system integration complements Identive Group’s identity management solutions and services business. Following the transaction, RockWest will be integrated into Identive’s Multicard business and provide a portal for Multicard’s entry into the U.S. marketplace.
“The demand for identity management solutions continues to grow and RockWest has established itself as a leading player in the U.S. market,” Ayman S. Ashour, chairman and CEO of Identive Group, said. “RockWest is solid and profitable, with an experienced management team. The company has built an impressive portfolio of ID and security offerings, including a number of unique applications that it has worked closely with its customers to develop.”
George Levy, co-founder and CEO of RockWest Technology Group stated, “Identive’s group companies cover significant segments of the identification systems value chain. Being part of Identive Group will give us greater scale and resources to accelerate our growth and allow us to work together with other companies in the group to enhance our ability to capture expanding market opportunities. We are excited to be joining a team that shares our vision of the industry and is focused on profitable growth.”
Ashour added, “The addition of RockWest to Identive Group demonstrates the continued execution of our buy, build and grow strategy. RockWest’s strong regional presence and the experienced team around George Levy provide an ideal base from which to launch and build our Multicard brand in the U.S. and further expand our identity management and solutions offering.”