HID Global Acquires IXLA to Bolster Secure Credential Offerings for Government, Finance

HID Global has announced its acquisition of IXLA, a provider of card and passport personalization technology that integrates biometric data encoding and secure digital identity features into physical credentials. The acquisition aims to strengthen HID’s capabilities in secure credential issuance for government identification documents and financial cards.

The move comes as governments worldwide face increasing challenges with document fraud and identity theft. According to recent industry data, financial losses from identity fraud reached $56 billion in 2023, driving demand for more sophisticated security solutions. IXLA’s technology specializes in high-precision laser engraving and micro-optic security features for identity documents.

The integration of IXLA’s technology is expected to enhance HID’s ability to provide secure credential issuance systems that meet increasingly stringent international standards for identity document security.

In the financial sector, the acquisition addresses growing concerns about payment card fraud. IXLA’s personalization technology includes features for EMV chip encoding and advanced physical security elements that help prevent card counterfeiting. These capabilities complement HID’s existing security solutions for sensitive data protection.

“Welcoming IXLA into the HID family demonstrates our commitment to providing convenient and efficient document personalization solutions across a variety of industries,” said Björn Lidefelt, EVP and Head of HID. “With IXLA’s technology and expertise, we are better positioned for geographic expansion, particularly in the government and financial institution space.”

The announcement comes after last month’s news that ASSA ABLOY, HID’s parent company, had agreed to sell its Citizen ID business to Japan-based Toppan. The business unit operates under HID, and is focused on the design and manufacture of both physical and mobile-based digital IDs.

Sources: SecurityWeek, Markets and Markets

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November 12, 2024 – by Ali Nassar-Smith and Alex Perala