Austin-based HID Global has received De La Rue’s Citizen Identity enterprise to help increase its citizen identity solutions portfolio.
Based in Britain, De La Rue is a business issuer of banknotes and passports. The businesses first introduced the acquisition in June, and have now closed the deal. In a June statement, De La Rue stated the agreement was worth about $54.48 million.
HID Global specializes in identity authentication and security know-how. In 2014, the corporate shifted its headquarters from California to Austin. About 400 of its 3,000 global staff are Austin-based.
HID Global’s citizen identification solutions are present in around 60% of government-issued electronic identity initiatives globally, in line with an announcement from the company. Its end-to-end system solutions are used with national IDs, passports, overseas resident IDs, driver licenses, vehicle registration, and different packages.
In a written assertion, HID Global stated the acquisition would give prospects a better ability to measure and assemble authorities-issued citizen IDs. These embrace mobile IDs, electronic verification capabilities, and e-passports with advanced physical and electronic security measures. It extends HID Global the ability to assemble secure ID paperwork and raises direct relationships with government agencies.
Earlier this month, HID Global introduced the acquisition of Australian card making company Placard, a secure card manufacturer for government organizations, finance, transportation, retail, and enterprise. The purchase grows the corporate’s Australian presence. In September, the corporate purchased HydrantID, a Utah-based safety management and services supplier.
Last year, the corporate acquired Crossmatch, an identity solutions supplier. In 2016, HID Global made three acquisitions, along with Euless-based financial solutions supplier Demo Teller.