Acquisition Accepted to Accommodate Barter with Enhanced Productivity, BYOD Support, and Able Aegis for Government-Grade Acute Agenda Deployments and Acquired Credential Applications on Apple iOS and Android Adaptable Devices
FREMONT, Calif., Oct. 25, 2018 (GLOBE NEWSWIRE) — Identiv, Inc. (NASDAQ: INVE), a all-around provider of concrete aegis and defended identification, has entered into a absolute acceding to acquire Thursby Software Systems, Inc., an Arlington, Texas-based provider of aegis software for adaptable devices. The accretion is accepted to strengthen Identiv’s character offerings with complete solutions for defended and acceptable analytic admission above acute cards and acquired accreditation on Apple iOS and Android adaptable devices. It is additionally a above cardinal footfall appear Identiv’s eyes of converged, awful defended yet bland admission to advice and places through a distinct character and a distinct basement platform.
Thursby’s software solutions accommodate able aegis for action and claimed mobility, acknowledging bring-your-own-device (BYOD) and two-factor affidavit (2FA) on adaptable devices. The aggregation enables Department of Defense (DoD) issued Accepted Admission Cards (CAC), federally issued Claimed Identification Verification (PIV) cards, acquired credentials, and commercially issued PIV-I cards to access, sign, encrypt, and break advice and emails from Apple iOS and Android adaptable phones or book devices. These capabilities accept accustomed over a hundred thousand DoD and federal employees, including the U.S. Navy Reserve via the Ready-2-Serve (R2S) adaptable application, to use claimed and government-furnished adaptable accessories to admission bare advice on-the-go. Thursby has awash added than one actor software licenses to a ambit of barter and industries, including government, healthcare, finance, energy, education, research, Fortune 500, All-around 2000, and OEMs.
“This aggregate essentially strengthens our position as a trusted provider of acceptable high-security solutions to government and action customers,” said Steven Humphreys, CEO of Identiv. “Thursby has congenital deep, abiding chump relationships, absolutely accumbent with our action of accouterment defended software platforms that are customizable to specific chump preferences. Thursby’s solutions absolutely bear above its customers’ expectations, accouterment both aerial aegis and agitating end-user convenience. The company’s abysmal government strengths and adaptable app adeptness are amount elements in our eyes for federal and bartering aegis solutions. Thursby’s seamless abutment of both government-grade acute agenda deployments and acquired accreditation additionally aligns with our aesthetics of acknowledging customers’ acceptance of technologies at their own pace, optimized for their own use cases. We accept this accretive accretion is a cardinal footfall that moves us afterpiece to accomplishing our abiding ambition business model, breeding college margins, convalescent profitability, and carrying a solutions belvedere that transforms our industry.”
Bill Thursby, President and Founder of Thursby Software Systems, commented: “In our 32 years, we accept prided ourselves as actuality a baton in technology while absolute baby and responsive. By acceptable allotment of the Identiv family, we will absorb our strengths while demography on the added allowances of a ample all-embracing aggregation with an accomplished reputation. We aboriginal partnered with Identiv in 2011 as both a supplier of acute agenda readers and a chump by abacus the Thursby Sub Rosa authorization to the Identiv adaptable clairvoyant line-up. We are aflame to be aing the Identiv aggregation who shares our affection for bringing calm aegis and addition for our customers.”
“We started alive with Thursby and Identiv in 2016 to enhance abundance and defended BYOD and adaptable admission for our Reservists,” said Tim Bentjen, Director of IT Development, Navy Reserve. “Thursby has been a key accomplice in authoritative abiding our applications are awful secure, yet convenient, in the field. To ensure affinity of our defended adaptable applications on Android platforms, we accept leveraged the Identiv acute bend reader/mobile dongle.”
Identiv’s accretion of Thursby is accountable to accepted closing altitude and is accepted to aing on or about November 1, 2018. For added details, amuse advertence the Form 8-K to be filed with the U.S. Securities and Exchange Commission. Administration will additionally altercate the accretion on its third division 2018 appointment call, appointed to booty abode afterwards bazaar aing on November 8, 2018.
About IdentivIdentiv, Inc. is a all-around provider of concrete aegis and defended identification. Identiv’s products, software, systems, and casework abode the markets for concrete and analytic admission control, video analytics, and a advanced ambit of RFID-enabled applications. Barter in the government, enterprise, consumer, education, healthcare, banking, retail, and busline sectors await on Identiv’s admission and identification solutions. Identiv’s mission is to defended the affiliated concrete world: from ambit to desktop access, and from the apple of concrete things to the Internet of Everything. Identiv is a about traded aggregation and its accepted banal is listed on the Nasdaq Capital Bazaar in the U.S. beneath the attribute “INVE”. For added information, appointment identiv.com. Note Apropos Forward-Looking InformationThis columnist absolution contains advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. Advanced statements are those involving approaching contest and approaching after-effects that are based on accepted expectations as able-bodied as the accepted behavior and assumptions of the Company’s administration and can be articular by words such as “anticipates”, “believes”, “plans”, “will”, “intends”, “expects”, and agnate references to the future. Any account that is not a absolute fact, including the statements apropos the Company’s expectations apropos approaching operating and banking performance, the Company’s behavior that the accretion is accepted to strengthen the Company’s character offerings with complete solutions for defended and acceptable analytic admission above acute cards and acquired accreditation on Apple iOS and Android adaptable accessories and that the accretion will strengthen the Company’s position as a trusted provider of acceptable high-security solutions to government and action markets, that the accretion is accretive, that the accretion is a cardinal footfall that moves the Aggregation afterpiece to accomplishing its abiding ambition business model, breeding college margins, and convalescent profitability, that the accretion is accepted to aing by November 1, 2018 as able-bodied as the Company’s behavior apropos drive and advance in its business, the Company’s acceptance that it is well-positioned for amoebic and asleep growth, the Company’s behavior apropos its pipeline, advance opportunities, and the Company’s behavior apropos its cachet in the bazaar and with barter is a advanced statement. Advanced statements are alone predictions and are accountable to a cardinal of risks and uncertainties, abounding of which are alfresco our control, which could account absolute after-effects to alter materially and abnormally from those bidding in any advanced statements. Factors that could account absolute after-effects to alter materially from those in the advanced statements include, but are not bound to, absolute after-effects for budgetary 2018 and beyond, the Company’s adeptness to abide the drive in its business, its adeptness to auspiciously assassinate its business strategy, the acknowledged closing of the acquisition, the absolute allowances and synergies accomplished through the accretion of Thursby, the akin of chump orders, chump acknowledgment to the proposed acquisition, the success of its articles and partnerships, industry trends and seasonality, and factors discussed in our accessible reports, including our Annual Report on Form 10-K for the year concluded December 31, 2017 and consecutive letters filed with the U.S. Securities and Exchange Commission. All advanced statements are based on advice accessible to us on the date hereof, and we accept no obligation to amend such statements.
Investor Relations ContactMatt Glover and Najim Mostamand, CFALiolios Group, [email protected]
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