updated 10/25/2010 7:45:57 AM ET 2010-10-25T11:45:57

SANTA ANA, Calif. and ISMANING, Germany, Oct. 25, 2010 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of products, services and solutions for the security, identification and RFID industries, today announced that Stephen Summerill has joined the Company as Vice President Special Projects & Director of Business Development.

In this dual role, Summerill will support the Company's merger and acquisition strategy with both pre-acquisition screening and analysis and post-acquisition integration and development. Summerill brings an extensive background in the security industry, including similar roles with Kidde Plc, UTC Fire & Security and Cleaver-Brooks, where he served in senior executive roles for acquisitions, post acquisitions integration strategy analysis and development. He holds a B.Tech. in Mechanical Engineering from the University of Bradford and an MBA from the University of Manchester.

"I am delighted that Stephen is joining our management team; his background and working style are a great fit for Identive," commented Ayman S. Ashour, chief executive officer and chairman of Identive Group. "He will provide dedicated support to our M&A process, from initial selection of candidates to integration of acquired businesses, which is an important component of Identive's strategy to become a signature company in Secure ID."

About Identive Group

Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV) is an international technology company focused on building the world's signature group in secure identification-based technologies. The businesses within Identive Group have deep industry expertise and are well-known global brands in their individual markets, providing leading-edge products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers. Identive's growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive development. For additional info visit: www.identive-group.com .

The Identive Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8072

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com