HID GLOBAL Acquires Codebench
by Security Electronics and Networks | @Articles News | January 9, 2013, 8:00am AEDT
“We are very pleased to join the HID Global organization,” Codebench CEO Geri Castaldo says. “The combination of our portfolios plus HID Global’s scale and channel strength also positions us for new market opportunities that neither company could have pursued individually in the near term.”
As part of the deal, the Codebench offering will join HID’s federal identity portfolio. The merging will allow HID to offer its customers everything needed to upgrade their physical access control systems (PACS) in agreement with FIPS-201 guidelines for personal identity verification (PIV).
The addition of Codebench’s portfolio will also enhance HID’s capability to offer transportation worker identification card (TWIC) solutions, as well as more complete PACS integration capabilities. It also allows HID to extend the capabilities of its identity assurance card management system (CMS) appliance.
The acquisition will allow HID Global to serve emerging government and commercial markets with significant growth potential, according to company President and CEO Denis Hébert.
“The Codebench acquisition brings key integration capabilities while reinforcing and enhancing our mutual relationships with customers and OEM partners,” he says.
“It positions us for a number of new market opportunities, including extending federal identity technology into the commercial sector, and moving our PKI strong authentication offering beyond the desktop to the door.”