Thursday, May 5, 2011

Identive Group Buys idOnDemand

Santa Ana-based Identive Group, a provider of security and RFID products and services, said this week that it has acquired idOnDemand. Identive Group said it paid $2.4M in cash, plus 995,675 shares of its stock to the selling shareholders of idOnDemand. The deal also includes earn out of up to $21M in stock over the next three years and eight months. idOnDemand develops a managed service for handling identification, including access to buildings, computers, mobile devices and corporate information.

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