Supported by Seven2, this marks a significant step for Vitaprotech, which aims to expand its footprint beyond Europe. The agreement encompasses the physical security, access card and identity reader activities of Identiv, a Fremont, USA-based company recognized worldwide for its expertise in digital security and identification in the Internet of Things (IoT).
The acquisition gives Vitaprotech greater access to the North American market, strengthening its position as a major global player in the electronic security sector. With an established presence in the United States, Canada, Germany and India, Identiv's security activities represent a high-security platform approved by governmental institutions and corporations across the globe, employing over 200 highly qualified professionals.
Identiv, through its brands such as Hirsch, Velocity, TouchSecure and ScramblePad, offers a comprehensive range of physical, video and audio access control solutions, as well as on-premise and cloud-based access control and VMS software. Its solutions comply with the most stringent cybersecurity standards, with accreditations such as FedRAMP Marketplace authorization for its cloud-based solutions and FICAM compliance for its access control readers.
This business merger between Vitaprotech and Identiv creates a global leader in cyber-secure security solutions, benefiting from each entity's innovative capabilities and worldwide network of partners. With combined sales of over $185 million and a global workforce in excess of 700 employees, the new group resulting from this acquisition is well positioned to meet the most demanding security needs worldwide.
Commenting on the acquisition, Vitaprotech CEO Eric Thord said, "I am delighted to welcome Identiv's security business to the Vitaprotech Group. The combination of its physical security, mobile access control and cloud-based offerings is truly impressive and rewarding for the Vitaprotech Group as a whole."
