SANTA ANA, Calif. and ISMANING, Germany, Oct. 20, 2011 (GLOBE NEWSWIRE) -- 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.
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