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HID Global Announces Acquisition of Access-IS to Expand its Market

HID Global Announces Acquisition of Access-IS to Expand its Market
HID Global Announces Acquisition of Access-IS to Expand its Market

HID Global, a leading American manufacturer of secure identity products announced that it has acquired Access-IS, a developer and manufacturer of electronic systems designed to capture and transfer information to electronic systems accurately. 

With proven technology and solutions of Access-IS, HID Global will broaden its technology portfolio and stimulate the vertical market expansion and further add new products that can help meet customers’ needs for efficient digitized solutions.

CEO of HID Global, Björn Lidefelt called Access-IS solutions a good fit for HID. He stated that Access-IS will boost HID’s industry leadership by strategically aligning with its Extended Access Technologies business and transport and ticketing solutions in the Identification Technologies business.

For over three decades, Access-IS has focused on innovative designs and quality when it comes to products, technologies, and solutions. Be it barcode reading, NFC and EMV for mobile ticketing or scanning document, Access-IS has developed a range of devices that are used worldwide in several key sectors like government, transportation, and finance.

Access-IS will deploy its proven solutions to cover HID’s technology and product portfolio. Over 20,000 systems of Access-IS are used globally for public transportation and ticketing and process over 100 million transactions. The company has more than 50,000 users utilizing its identity and security solutions. Over 200 airports have installed Access-IS systems and are used by various top airlines.

Along with building upon the company’s existing vertical market, HID will leverage Access-IS technology to support further expansion. Also, EMV contactless payment readers from Access-IS will expand HID’s offering in various other markets

With its headquarters in Austin, Texas, HID has over 4,000 employees globally and runs international offices that support over 100 countries. HID’s products and services are used by millions of people worldwide to navigate their everyday lives. HID Global works with educational and financial institutions, governments, hospitals, and various other companies.

 

Source: https://finance.yahoo.com/news/hid-global-acquires-access-leading-063000143.html

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Bhushan Tambe

A qualified computer graduate, Bhushan Tambe always nurtured a passion for words. Post his education, he decided to transform his penchant of penning down poetry and stories into a full-time career. Presently, Bhushan writes numerous articles for cuereport.com and a few other websites, on subjects spanning business, finance, and the like.