HID Global Company Profile

Background

HID Global Corporation, a subsidiary of the Swedish conglomerate Assa Abloy, specializes in secure identity solutions. Founded in 1991 as Hughes Identification Devices, the company has evolved into a global leader in identity and access management. HID Global's mission is to empower trusted identities, enabling people to transact safely, work productively, and travel freely. The company's solutions are integral to various sectors, including government, healthcare, finance, education, and enterprise, providing secure access to physical and digital environments.

Key Strategic Focus

HID Global's strategic focus encompasses the development and deployment of comprehensive identity and access management solutions. The company specializes in:

• Physical Access Control: Offering a range of readers, controllers, and credentials to secure facilities.

• Identity Assurance: Providing strong authentication and credential management solutions.

• Secure Issuance: Delivering card printers and encoders for personalized credential issuance.

• Citizen ID Solutions: Supplying governments with secure ID documents and systems.

• RFID and IoT Solutions: Enabling asset tracking and management through RFID technology.

The company targets markets requiring high-security standards, such as government agencies, financial institutions, healthcare organizations, and educational institutions.

Financials and Funding

As a subsidiary of Assa Abloy, HID Global's financials are integrated into the parent company's reports. Assa Abloy reported revenues of SEK 140,716 million in 2023, marking a 16% increase from the previous year. This growth reflects the company's robust market position and successful integration of acquisitions.

Pipeline Development

HID Global continually innovates its product offerings. Recent developments include:

• Mobile Access Solutions: Integrating mobile credentials into platforms like Google Wallet, enhancing user convenience and security.

• Biometric Authentication: Expanding biometric solutions for physical access control, with a projected increase in adoption from 35% to 48% among organizations.

• Government ID Programs: Collaborating with governments to provide secure ID documents, such as e-passports and national ID cards.

These initiatives demonstrate HID Global's commitment to advancing secure identity technologies.

Technological Platform and Innovation

HID Global's technological prowess is evident in its proprietary platforms and innovative solutions:

• Seos® Technology: A secure credential technology supporting multiple applications, including physical access, logical access, and mobile access.

• iCLASS SE® Platform: An open platform providing enhanced security and flexibility for access control systems.

• FARGO® Card Printers: A line of secure issuance solutions for personalized credential printing.

• ActivID® Authentication Solutions: Offering multi-factor authentication for secure access to networks and applications.

These technologies underscore HID Global's commitment to innovation and security in identity management.

Leadership Team

HID Global's leadership comprises experienced professionals driving the company's strategic vision:

• Björn Lidefelt: President and CEO since January 2020, bringing extensive experience from various leadership roles within Assa Abloy.

• Ramesh Songukrishnasamy: Senior Vice President and Chief Technology Officer, leading technological innovation and product development.

• Tim Moxon: Senior Vice President, Head of Corporate Development and Strategy, overseeing strategic initiatives and growth opportunities.

• Debbie Fugate: Senior Vice President, Head of Finance, managing financial operations and planning.

• Karen Higgins: Senior Vice President, Head of Legal, responsible for legal affairs and compliance.

• Stacey Donahue: Senior Vice President, Marketing and Communications, directing global marketing strategies.

This team collectively steers HID Global towards sustained growth and innovation.

Leadership Changes

In January 2020, Björn Lidefelt succeeded Stefan Widing as President and CEO of HID Global. Lidefelt's appointment reflects the company's focus on leveraging internal talent to drive its strategic objectives.

Competitor Profile

Market Insights and Dynamics

The identity and access management industry is experiencing significant growth, driven by increasing security concerns and regulatory requirements. HID Global operates in a competitive landscape with several key players offering similar solutions.

Competitor Analysis

HID Global's primary competitors include:

• RSA Security: Develops AI-powered unified identity platforms, focusing on secure access and identity verification.

• Plasco ID: Provides ID badging, access control, and visitor management solutions, catering to various industries.

• Braintech: Offers ICT and business application solutions, including identity management services.

• IdentityLogix: Specializes in identity and access management software, enhancing security and compliance.

These competitors challenge HID Global in various aspects of identity and access management solutions.

Strategic Collaborations and Partnerships

HID Global has established significant partnerships to enhance its market position:

• Dell: Collaborated to develop HID on the Desktop, a PC logon application integrating HID's authentication technology.

• Panasonic: