AdvanIDe, Advanced ID Electronics, the leading independent provider of semiconductors for the smart card and RFID industry, has announced that it was acquired by Japan South East Asia Growth Fund L.P. Achieving important corporate milestone The Japan South East Asia Growth Fund L.P. is a joint venture fund, managed by RISA PARTNERS INC. – a Japan-based investment bank, and Development Bank of Japan Inc., a Japanese government-owned financial institution. With more than 20 years of experience in the provision of semiconductors and value-added services, products and solutions to the ID market, AdvanIDe has achieved an important corporate milestone with this investment. Originally known as ACG, the company was acquired in 2003 by Sweden-based ASSA ABLOY, which then spun off ACG’s component operation into a separate business unit called AdvanIDe in 2007. AdvanIDe Holdings Pte Ltd, which is based in Singapore, will serve as corporate headquarters and service centre, with the subsidiaries AdvanIDe Europe GmbH based in Walluf, Germany, AdvanIDe Americas Inc. in Natick, Mass., USA; and newly established subsidiaries in Beijing, China and Mumbai, India. The group will operate from 11 offices that are located in key international markets and three representative offices in Korea, Japan and Taiwan. Furthering global growth “We welcome the Japan South East Asia Growth Fund L.P. to become a shareholder in AdvanIDe, which will enable us to expand on our growth trajectory and build our strategy to become the leading provider of semiconductors and related value-added products and services to the identification, IoT, authentication and security markets,” said Holger Roessner, CEO of AdvanIDe. “We are delighted to support AdvanIDe Holdings Pte Ltd to become a fully independent company and to further their growth in the global marketplace,” said Hideki Iiyama, director of the Japan South East Asia Growth Fund. AdvanIDe employs 56 people and expects revenues in excess of USD $150M in 2017 and services clients in vertical markets such as secure access (physical access control, loyalty, RFID, NFC, smart mobility), secure authentication and secure communication as well as citizen ID and financial transactions.
AdvanIDe, the independent provider of semiconductors for the smart card and RFID industry, announces it has appointed Joris Jourdain to the role of product manager for its Secure Access business segment. Jourdain is responsible for global product management and marketing as well as business development for the segment, and reports to Holger Roessner, AdvanIDe’s managing director. “Joris brings AdvanIDe valuable experience in the secure access marketplace,” Roessner said. “He has a proven track record managing silicon product lines for RFID and chip cards in the smartcard and identification industry where we are a leading supplier, as well as products for NFC, automatic fare collection, and loyalty and membership applications in key growth markets where we continue to significantly expand and enhance our offering.” Previous experience Jourdain has 17 years of engineering, product management and marketing experience, most recently with NXP where he was senior product manager for the company’s reader offering, in charge of open controller solutions focused on the company’s eID, access control and payment business lines. He also managed NXP’s Independent Design House (IDH) initiative, and was responsible for launching the company’s first five IDHs. Prior to NXP, he was senior product manager for Identiv’s eID, USB and Access Control reader product lines. He joined Identiv from Fasver, now part of the ITW Security Division, where he was RFID product line manager in charge of product and marketing strategy proposal development for the company’s ePassport inlays, and product management for its ID and anti-tampering tag product lines. He has a physics engineering degree from the Ecole Nationale Supérieure de Physique de Marseille, and speaks English, French, and German. “I am very excited to be joining AdvanIDe,” Jourdain said. “The company’s Secure Access segment is one of its fastest growing and I look forward to helping fuel continued business expansion through best-in-class product definition, management and marketing, partner relationships, technical support and training, inventory management, business reporting, and tender development.”