Contactless Smart Cards, RFID, Payment, Transit and Security

Identive Group acquires RockWest

Wednesday, March 31, 2010

The Identive Group, formerly SCM Microsystems, Hirsch Electronic and Bluehill ID, announced that it has entered into an agreement to acquire RockWest Technology Group, a privately-held identification and security solutions provider.

RockWest provides ID management solutions and services to the education, government, corporate, casino and health care markets in the southwest region of the U.S. The company was founded in 1999 and is based in Denver, with branch offices in California, Arizona and New Mexico, employing 43 people.

RockWest’s focus on ID issuance and personalization and ID system integration complements Identive Group’s Identity Management Solutions & Services business. Following the transaction, RockWest will be integrated into Identive’s Multicard business and provide a portal for Multicard’s entry into the U.S. marketplace.

The primarily stock-based transaction is expected to close in Q2 2010 and to be accredited to earnings in FY 2010. [end] 

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