EANS-News: Identive Group Inc. Identive Ranked Among Fastest-Growing
Technology Companies in North America
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Santa Ana, Calif. and Ismaning, Germany, October 20, 2011 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products,
services for the identification, security and RFID industries, today announced
that it has ranked No. 468 on the 2011 Deloitte Technology Fast 500, which
ranks the 500 fastest growing technology, media, telecommunications, life
sciences and clean technology companies in North America. This recognition is
based on the percentage of revenue growth from 2006 to 2010, during which
Identive grew by 152 percent.
Identive´s chief executive officer and chairman Ayman S. Ashour credits the
company´s growth to its comprehensive offerings along the Secure ID technology
value chain and the central role of identity management in emerging applications
-- from contactless ticketing to enterprise security to mobile payments.
"Identive´s inclusion in the Technology Fast 500 highlights the growing need for
solutions that enable secure management of our identity credentials, whether as
citizens, employees or consumers," said Ashour. "Identive addresses the need for
Secure ID products and solutions along the value chain, with a strong foundation
of IP in RFID and smart card technologies and significant expertise in the
development and implementation of ID systems. As the incorporation of identity
credentials in NFC mobile phones spurs new applications and usage models, we
will continue to focus on providing identity management solutions that protect
people, data and assets."
About Deloitte´s 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary
of Deloitte LLP, provides a ranking of the fastest growing technology, media,
telecommunications, life sciences and clean technology companies - both public
and private - in North America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2006 to 2010. In order to be
eligible for Technology Fast 500 recognition, companies must own proprietary
intellectual property or technology that is sold to customers in products that
contribute to a majority of the company's operating revenues. Companies must
have base-year operating revenues of at least $50,000 USD or CD, and
current-year operating revenues of at least $5 million USD or CD. Additionally,
companies must be in business for a minimum of five years, and be headquartered
within North America.
About Identive Group
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the
world´s signature company in Secure ID. The company´s products, software,
systems and services address the markets for identity management, physical and
logical access control, NFC and a host of RFID-enabled applications for
customers in the government, enterprise, consumer, education, healthcare and
transportation sectors. Identive´s mission is to build a lasting business of
scale and technology based on a combination of strong technology-driven organic
growth and disciplined acquisitive expansion. For additional info visit:
www.identive-group.com.
Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: aoelsner@identive-group.com
end of announcement euro adhoc
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: Nasdaq: New York, free trade: Berlin, Hamburg, Stuttgart,
Düsseldorf, München, Open Market / Entry Standard: Frankfurt
language: English