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ASSA ABLOY has acquired Quantum Secure, a US-based provider of identity-management solutions that meet compliance requirements in highly-regulated industries.
The acquisition means Quantum Secure, which developed the world’s first physical identity and access management software in 2004, is now part of HID Global Group, itself acquired by ASSA ABLOY in 2000.
“I am very happy to welcome Quantum Secure to the ASSA ABLOY Group,” says Johan Molin, president and CEO of ASSA ABLOY. “This acquisition reinforces our strategy of being the world leader in secure identity solutions.
“Quantum Secure takes us one step further in being able to provide our customers with an end to end identity management system.
“The company has experienced very strong growth since its founding and we look forward to continued growth in the future.”
“Our acquisition of Quantum Secure gives customers a robust, policy-driven software application that will help them achieve their identity management goals,” says Denis Hebert, executive vice president at ASSA ABLOY and head of business unit at HID Global.
“The SAFE software suite allows organizations to manage identities across multiple sites for employees, visitors, vendors, and contractors.”
Quantum Secure was founded in 2004 and its head office is located in San Jose, California. The company has some 175 employees and contractors.
The acquisition is expected to be neutral to earnings from the start.
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