California-based security and identification provider Identive Group Inc. announced its acquisition of Swiss identity management provider polyright SA. The acquisition follows an agreement executed by Identive’s Multicard AG subsidiary and polyright’s parent companies, Securitas AG and the Kudelski Group.
The Kudelski Group decided to sell its stake in polyright after a strategic review completed this past February, said Mauro Saladini, chief financial officer.
polyright provides identity management platforms and open-ended rights and services management solutions primarily for the education, health care and industrial markets.
Its primary focus is developing, installing and maintaining single-credential, multi-function identity management and cashless payment systems that can integrate with third-party systems. The platform allows users to integrate functions such as personnel and user management, cashless payment and physical and logical access control.
Identive will integrate polyright into its Multicard subsidiary to boost Multicard’s presence in the European education and health care markets.