EANS-News: Identive Group Inc. Identive Receives 2012 Frost & Sullivan Best
Practices Award for its Global Identification and Security Product Strategy
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Marketing
SANTA ANA, Calif. and ISMANING, Germany, October 15, 2012 (euro adhoc) -
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products and
services for the identification, security and RFID industries, has received the
2012 Frost & Sullivan Excellence in Best Practices Award for Global
Identification and Security Product Line Strategy. The award recognizes the
breadth and impact of Identive's differentiated offerings in the highly
competitive identification and security market. In particular, Frost & Sullivan
cites Identive's proactive strategy to incorporate radio frequency
identification (RFID) and near field communication (NFC) technologies ahead of
its competition to deliver secure identification (Secure ID) solutions. Frost &
Sullivan is a global research organization that monitors more than 300
industries and 250,000 companies.
"Identive is a prominent provider of Secure ID solutions to the global
identification and security market, and its broad but focused product line gives
it a competitive edge. Consistent customer focus, extension and development of
innovative products, and prompt adoption of emerging security and identification
technologies such as smart cards, RFID and NFC are customer-friendly strategies
that will accelerate Identive's move further up the secure identification value
chain," said Nandini Bhattacharya of Frost & Sullivan.
Frost & Sullivan's determines Best Practices Award recipients each year based on
its research and evaluation of how best-in-class companies worldwide manage
growth, innovation and leadership. In selecting Identive as an award recipient,
Frost & Sullivan pointed to the results of the Company's technology strategy,
which include an extensive range of products for secure identity management of
digital devices, systems and data, and ongoing development of new product lines,
services, and solutions that offer enhanced value for its customers. Among other
examples, Frost & Sullivan cited Identive's success in becoming a global
one-stop-shop for NFC infrastructure products with the introduction of various
NFC tags, tag customization, readers, tokens, and software development kits.
This latest recognition follows the receipt earlier this year of Frost &
Sullivan's 2012 European New Product Innovation of the Year Award for NFC
Application Development Platforms.
Joseph Tassone, executive vice president of technology and product management
for Identive commented, "We live in a world in which individuals must use an
increasing number of identity credentials to function in their roles as
employees, citizens, students and consumers, and our mission is to help
organizations manage these credentials in ways that are secure, effective and
coordinated. Identive's strategy to offer a complete range of Secure ID
solutions, from individual RFID inlays to card readers to fully integrated
identity management systems, is unique in the identification and security
industry. We believe that this holistic approach allows us to offer both
targeted and comprehensive solutions to our customers in the enterprise,
government, education, retail, transportation and other global industries. We
appreciate Frost & Sullivan's recognition of our product line strategy and the
contribution it is making to our overall growth and success."
Frost & Sullivan recognizes companies demonstrating best practices in a variety
of regional and global markets with Best Practices Awards that commend superior
planning and execution of product launches, strategic alliances, distribution
strategies, technological innovations, customer service, and mergers and
acquisitions. The following criteria were used to benchmark Identive's
performance against key competitors: breadth of product line; size of
addressable customer base; impact on customer value; impact on market share; and
breadth of applications/markets served. A host of other crucial marketing
factors such as leadership, strategy, service, innovation, integration, and
development are also considered as part of the award methodology.
About Identive
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, cashless payment, NFC solutions and a host of
RFID-enabled applications for customers in the government, enterprise, consumer,
education and healthcare 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. The
company delivers up-to-date information on its activity as well as industry
trends through its industry-leading social media initiatives and educational
resource, AskIdentive.com. For additional information, please visit
www.identive-group.com or follow on Twitter at @IdentiveGroup.
Further inquiry note:
Ms. Darby Dye, +1 949 553-4251, ddye@identive-group.com
Mr. Lennart Streibel, +49 89 9595-5195, lstreibel@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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
Nasdaq: New York, Open Market / Entry Standard: Frankfurt
language: English