Identiv, Inc. announces the launch of 3VR Prime, the comprehensive video management hardware and software system as a service. 3VR Prime is designed to provide users with a no-upfront-cost, service-oriented, fully supported, 100% warrantied video management system (VMS) solution that delivers broader efficiencies to end-users seeking on-premises VMS solutions. 3VR Prime delivers an enterprise-class, scalable, intelligent VMS platform to customers of any size. Identiv’s 3VR Prime eliminates the requirements for upfront expenditures by delivering VMS hardware and software as a service. Boosting camera management If any 3VR hardware becomes unrepairable or obsolete, Identiv will replace it for free. Customers can also use their existing on-premises server hardware, creating a software-as-a-service experience while retaining their preferred on-premises system. All software and OS updates are also included with the subscription. “Imagine if your VMS didn’t have an end-of-life,” said Mark Allen, Identiv GM, Premises. “3VR Prime is a video surveillance as-a-service solution that provides you with the hardware, software, support, and confidence that your system will always be up-to-date. Our VMS as-a-service solution evolves as your business and security needs evolve over time. With 3VR Prime, users are empowered to quickly and easily boost camera management, add more sites, or incorporate analytics at any time — our subscription model grows with your business.” Ultimate video management software 3VR Prime features all of the great benefits offered by an enterprise-grade VMS 3VR implements stringent security, meaning no malware can be installed. As new OS patches become available, those patches are instantly at your IT teams’ fingertips. At the same time, security teams have access to all software updates during the life of any 3VR Prime system. 3VR Prime features all of the great benefits offered by an enterprise-grade VMS with none of the upfront cash outlay or ongoing maintenance hassles. Identiv’s 3VR VMS is the ultimate video management software with world-class forensic search, case management, and business intelligence. 3VR provides the tools to gather real-time intelligence from video, speed up searches, and easily develop and manage cases and investigations. Improving customer experiences “As we enter times of economic uncertainty, 3VR Prime allows customers to adopt or sustain world-class video management while conserving cash and ensuring no subsequent cost surprises due to hardware obsolescence or software incompatibilities,” said Steven Humphreys, Identiv CEO. “Our goal is to provide cost and operational certainty for our customers so they can focus on the challenges and opportunities elsewhere in their business. 3VR Prime is suitable for large corporations, in which conventional video systems are a major use of capital, and small and medium businesses, which need strong security but also have to conserve cash in uncertain times.” Identiv offers a full portfolio of 3VR video intelligence solutions paired with data analytics for the industry’s fastest and most easily managed surveillance searchability. 3VR provides a single platform for real-time security and customer insights, enabling organisations to protect employees, customers, and assets while improving customer experiences.
Identiv, Inc. has announced that Mike Taylor has joined the company in the capacity of Vice President of Global Sales. Taylor will head Identiv’s global sales and business development efforts for its physical access control system (PACS) products and solutions. In this role, he will lead the global sales team across all of the PACS division and report to CEO Steve Humphreys. PACS products and solutions lead Taylor joins Identiv with more than 20 years of sales and leadership experience. At AMAG Technology, Taylor served as Vice President of North American Sales where he led strategic sales and growth initiatives focused on expanding adoption of the company’s technologies. Prior to AMAG, he ran North American Sales for Brivo Systems and Milestone Systems, and most recently led Global Sales for Razberi Technologies. Access control and video solutions expert “Mike brings long, deep sales and channel-building experience and leadership across access control and video, in both enterprise businesses and progressive early-movers,” said Steven Humphreys, Chief Executive Officer (CEO) at Identiv, Inc. He adds, “His passion for sales, commitment to people and partnerships, and wide experience and networks are a great fit for our rapidly expanding teams, our customers, and our partners.”
Identiv, Inc. has announced its cohesive collection of COVID-19 response solutions in order to support enterprises and government customers in worldwide offices that are now reopening. Identiv’s frictionless, touchless solutions create healthier and more hygienic offices. The hands-free technology also streamlines transactions and access, temperature tracking, and contact tracing to help employees and visitors feel safe and secure. Frictionless, hands-free technology “With the threat of COVID-19 still around us, frictionless, hands-free solutions are a key part of any organisation’s efforts to make a healthier, safer environment,” said Steven Humphreys, Identiv Chief Executive Officer (CEO). Identiv’s highly secure access and identity solutions address multiple business needs to re-open and grow" Steven adds, “Identiv’s highly secure access and identity solutions address multiple needs for businesses to re-open and grow again in the new pandemic-era normal.” Quick, affordable temperature tracking “As large public venues begin to reopen, quick, affordable temperature tracking will be the first line of defense to assure visitors and employees that operators have their safety at top of mind,” added Dr. Manfred Mueller, Identiv Chief Operations Officer (COO) and General Manager, Identity. Dr. Mueller adds, “For those not yet comfortable returning to work, secure network log-in options facilitate a bridge between on-site and telecommuting teams.” Identiv’s complete portfolio of COVID-19 response solutions include: Smart, frictionless access control MobilisID uses the latest in Bluetooth and capacitive technologies to allow complete frictionless access, no touching required. The MobilisID App (available via Apple iOS and Android) acts as a physical credential — the user can keep their mobile device in their pocket, wave their hand near the MobilisID Reader and the door automatically unlocks. MobilisID can also integrate with ADA-compliant automatic door hardware to form a complete touchless solution. With the Freedom access control system, no reader is even required at the door. Freedom’s software-defined architecture uses the location of a user’s mobile device to determine their proximity to a door for hands-free ingress and egress. The system can also be used in parallel with conventional reader doors. Frictionless, battery-less uTrust UHF Credentials work with identification applications that require long-distance reading (i.e., more than 18 - 21 feet). Ultra high-frequency (UHF) technology is ideal for parking lot access and gate control, door entry in hospitals or gated communities, logistics, object and people tracking in emergency situations, real-time locationing, cafeteria access, and any hands-free environment, including medical or care facilities, club and resort membership, sport facilities, and universities. The credentials can be read through badge holders, handbags, pockets, and No-touch time and attendance uTrust 3721 F multi-technology smart card reader features multiple frequency options and a keyboard emulation. Perfect for employers who use a mixture of technologies for logical access, uTrust 3721 F leverages existing 125 kHz low-frequency (LF) or 13.56 MHz high-frequency (HF) cards. Out-of-the-box, uTrust 3721 F can work with most time and attendance systems, letting employees simply tap a card to the reader to clock in. Nearly hands-free transactions and access With Near Field Communication (NFC) technology, it’s easy to get near an access point without ever actually touching it. Identiv’s NFC-enabled solutions feature a catalogue of transponders compatible with NFC Forum created for secure contactless transactions and connecting electronic devices with a simple tap-and-go model. Designed for comfort and wearability, the uTrust Proximity Wristband keeps wearers from reaching for their phone or card every time they need to gain access to a parking garage, building, room, or elevator. A passive radio frequency identification (RFID) device, the no-battery credential is robust, resistant to cracking, and impervious to moisture. Temperature tracking and contact tracing Identiv’s Body Temperature Measurement Patch is a wearable NFC-enabled transponder that supports the reopening of public spaces worldwide, including theme parks and stadiums, and helps operators keep attendees and employees comfortable, confident, and safe. The patch also supports global governments and healthcare workers that need to periodically monitor quarantined patients diagnosed with COVID-19. The new solution combines the simplicity of using NFC and the smart technology potential of the Internet of Things (IoT), making body temperature monitoring easier than ever. Identiv has partnered with Telaeris to deliver a rapidly deployable, industry-renowned, mobile access control hardware and software solution that provides security in a variety of mission-critical situations where traditional systems cannot be supported. By leveraging Telaeris’ mobile credential verification hardware, Hirsch Velocity Software-based access control systems can go beyond protecting the perimeter and empower security staff to authenticate and authorise users with photos from anywhere, at any time, with real-time server synchronisation. Telaeris handheld units with HealthCheck functionality can prompt staff to ask a series of health questions and input the taken temperature of a validated user to create a ‘health/access check’ profile upon entering which can then be repeated upon exiting. If a person enters a building and is later found to be symptomatic, Hirsch Velocity Software with Contact Tracing can pull a report of everyone who entered the same door who can then be notified to either get tested or self-quarantine. While this is useful during the days of COVID-19, it can also be used for other applications, such as the seasonal influenza. This means every office can be proactive in responding to potential outbreaks, while simultaneously providing employees with the peace of mind that there are measures in place to keep them safe. Working from Home For some organisations, even as worldwide economies are restarting, employees continue to or are more comfortable working from home. Identiv’s smart card reader portfolio keeps work flowing while ensuring everyone’s data and health stays safe and secure. Top selections for secure network log-in while telecommuting include, uTrust Token Pro Mini Type A (smallest form factor, strong PKI, and Java Card technology, uTrust Token Pro Mini Type C (USB C and can feature user branding and applets), uTrust 2700R Contact (supports all PC operating systems and cards ICs), 0 USB (ultra-compact, CAC and PIV-approved, and available in USB C, uTrust 4701 F Dual Interface (combines contact, contactless, and NFC tech), and uTrust SmartFold SCR3500 A (USB A, ultra-compact, and CAC and PIV-approved). As the economy begins to open up and people around the world return to work, it’s critical to have solutions in place that keep employees and visitors feeling safe, comfortable, and confident.
Identiv, Inc., a global provider of physical security and secure identification, has secured new agreements with two major customers in the banking vertical. The first new agreement is a three-year software and services agreement with an existing customer that has been using Identiv’s 3VR video and analytics solution for bank branch security, fraud detection and ATM skimming prevention. Expanding recurring revenue base This top 5 U.S. bank customer has contracted with Identiv to provide maintenance services to support its video security and analytics infrastructure, which encompasses over 10,000 video surveillance cameras throughout North America. The aggregate value of the contract exceeds $3 million. Additionally, the company recently secured a win with a leading Mexican banking conglomerate. The initial deployment across more than 100 locations combines video security, customer experience and business enablement. Business-enabling solutions “These two wins reflect our focus on expanding our recurring revenue base, as well as continued growth and momentum in our banking vertical,” said Steven Humphreys, Identiv CEO. “It is representative of our emphasis on strategic verticals, as well as growing our recurring revenues across our customer base. “Through our comprehensive solutions and our strong customer relationships, we are expanding the software revenue and services aspects of our business, as well as expanding from pure security applications into business-enabling solutions. As we continue to leverage our installed base and secure new customers, we expect our recurring revenue business to continue to increase, generating more sustainable growth and margin expansion over time.”
Identiv, Inc., a global provider of physical security and secure identification, has entered into a definitive agreement to acquire Thursby Software Systems, Inc., an Arlington, Texas-based provider of security software for mobile devices. The acquisition is expected to strengthen Identiv’s identity offerings with complete solutions for secure and convenient logical access across smart cards and derived credentials on Apple iOS and Android mobile devices. It is also a major strategic step towards Identiv’s vision of converged, highly secure yet frictionless access to information and places through a single identity and a single infrastructure platform. Thursby’s software solutions provide strong security for enterprise and personal mobility, supporting bring-your-own-device (BYOD) and two-factor authentication (2FA) on mobile devices. The company enables Department of Defense (DoD) issued Common Access Cards (CAC), federally issued Personal Identification Verification (PIV) cards, derived credentials, and commercially issued PIV-I cards to access, sign, encrypt, and decrypt information and emails from Apple iOS and Android mobile phones or tablet devices. The company’s deep government strengths and mobile app expertise are core elements in our vision for federal and commercial security solutions" Accessing information on-the-go These capabilities have allowed over a hundred thousand DoD and federal employees, including the U.S. Navy Reserve via the Ready-2-Serve (R2S) mobile application, to use personal and government-furnished mobile devices to access needed information on-the-go. Thursby has sold more than one million software licenses to a range of customers and industries, including government, healthcare, finance, energy, education, research, Fortune 500, Global 2000, and OEMs. “This combination substantially strengthens our position as a trusted provider of convenient high-security solutions to government and enterprise customers,” said Steven Humphreys, CEO of Identiv. “Thursby has built deep, long-standing customer relationships, completely aligned with our strategy of providing secure software platforms that are customisable to specific customer preferences. Thursby's solutions truly deliver beyond its customers' expectations, providing both high security and terrific end-user convenience. The company’s deep government strengths and mobile app expertise are core elements in our vision for federal and commercial security solutions.” Supplier of smart card readers “Thursby’s seamless support of both government-grade smart card deployments and derived credentials also aligns with our philosophy of supporting customers' adoption of technologies at their own pace, optimised for their own use cases. We believe this accretive acquisition is a strategic step that moves us closer to achieving our long-term target business model, generating higher margins, improving profitability, and delivering a solutions platform that transforms our industry.” We are excited to be joining the Identiv team who shares our passion for bringing together security and innovation for our customers" Bill Thursby, President and Founder of Thursby Software Systems, commented: "In our 32 years, we have prided ourselves as being a leader in technology while remaining small and responsive. By becoming part of the Identiv family, we will retain our strengths while taking on the additional benefits of a large international company with an excellent reputation." “We first partnered with Identiv in 2011 as both a supplier of smart card readers and a customer by adding the Thursby Sub Rosa license to the Identiv mobile reader line-up. We are excited to be joining the Identiv team who shares our passion for bringing together security and innovation for our customers.” Securing BYOD and mobile access "We started working with Thursby and Identiv in 2016 to enhance productivity and secure BYOD and mobile access for our Reservists," said Tim Bentjen, Director of IT Development, Navy Reserve. "Thursby has been a key partner in making sure our applications are highly secure, yet convenient, in the field. To ensure compatibility of our secure mobile applications on Android platforms, we have leveraged the Identiv smart fold reader/mobile dongle."
Identiv, Inc, a global provider of physical security and secure identification, has entered into a definitive agreement to acquire 3VR Security, Inc., a video technology and data analytics company. It is anticipated that this combination will provide Identiv with a full range of technologies to deliver its vision for secure, pervasive yet frictionless premises security, situational awareness and business insights. 3VR’s video intelligence solutions provide a single platform for real-time security and customer insights, enabling organisations to protect employees, customers and assets as well as improve store operations and shopping experiences. 3VR’s open, pluggable platform leverages existing customer infrastructure and allows customers to expand their systems’ capabilities seamlessly. 3VR serves customers in the financial services, retail, hospitality and other industries. Video intelligent solutions “We are advancing our global strength in the premises security industry, particularly in the attractive and fast-growing video segment,” said Jim Ousley, Chairman of Identiv’s Board of Directors. “This accretive acquisition is part of our communicated plan to grow both organically and inorganically. Overall, we believe 3VR takes us closer to achieving our long-term model and becoming an at-scale growth company.” Steven Humphreys, CEO of Identiv, stated: “Customers are looking for integrated solutions for access, video and analytics. The acquisition allows us to address this demand by including video security as part of our overall premises security and technology platform. Since access control and video management go hand-in-hand, we believe 3VR is a great fit from a technology, strategic, and financial perspective. The combined companies’ breadth of solutions across our Hirsch Access Control, 3VR video surveillance, real-time analytics, our access readers, RFID and identity cards would represent a complete solution for customers to adopt an entire physical security platform that’s extensible into real-time people and item tracking, consumer experience enhancement and business optimisation.” Security and business intelligence solutions Al Shipp, CEO of 3VR, commented: “The 3VR team is excited to be joining the Identiv team who shares our passion for innovation enabling a new level of security and business intelligence solutions. This combination offers greater scale that will accelerate that innovation, creating more value for customers which has been a core tenet of 3VR’s since our founding.” Mark Allen, General Manager, Physical Access of Identiv, said: “Our DNA has always been to build trusted relationships with our customers and partners. Our companies’ vertical expertise and anchor customer strengths reflect our shared strategy as a trusted advisor to our customers. Since the video industry has arrived at the point where everything is digital — from the camera to the screen — the focus now is on usability. The combination of Identiv and 3VR not only makes sense but when we integrate 3VR’s video technology into our Hirsch PACS platform, we anticipate creating a seamless user experience. Today, Identiv is substantially deepening the scope of the solutions and bringing these benefits to the physical world of people, places and things.” Investments towards premises segment revenue Identiv expects 3VR to add between $10 million and $11 million to the company’s premises segment revenue in fiscal year 2018. Identiv also expects 3VR to contribute a mid-term target non-GAAP adjusted EBITDA margin of approximately 10% post synergies. Identiv’s acquisition of 3VR is subject to customary closing conditions and is expected to close no later than February 20, 2018. The total consideration at close is expected to be $6.9 million, comprised of $1.6 million in cash; $2.0 million in subordinated promissory notes; and $3.3 million in shares of Identiv common stock. Additionally, in the event 3VR achieves certain significant shipment targets in 2018, Identiv would be obligated to issue additional earnout consideration in shares of Identiv common stock, and in the event that 3VR generates certain additional gross margin concerning a supply arrangement, Identiv would pay a portion of the additional margin as consideration, as further described in the definitive agreement.