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TheStreet Open House

Identive Promotes Jason Hart To CEO

Stocks in this article: INVINVE

SANTA ANA, Calif. and ISMANING, Germany, Sept. 3, 2013 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of solutions and services for the identification, security and RFID industries, announced that its board of directors has appointed Jason Hart as chief executive officer and director, effective immediately. Hart replaces Ayman S. Ashour, who has resigned his executive role but will remain on the board of directors as non-executive chairman. Hart previously served as executive vice president of Identive's Identity Management and Cloud Solutions division.

"There is a major shift occurring in both information and access technology as companies, governments and individuals embrace powerful, flexible new approaches such as cloud services and mobile access," said Hart. "We intend to focus Identive's core products and technologies to drive a leadership position in these expanding markets. In particular, we see a significant opportunity to provide our customers with a clear pathway to Identity-as-a-Service and secure authentication on mobile devices using NFC technology. In the coming months we expect to share more details of plans to simplify our operations and strengthen our go-to-market capabilities. On a personal note, I would like to thank Ayman for his vision, leadership and service in putting together the strong technology foundation to support our market strategy."

"Jason is an experienced leader with the skill and acumen to accelerate Identive's focus towards the cloud and mobility era," said Ayman S. Ashour, Chairman of the Identive Board. "His ability to deliver innovative technology solutions and profitable growth is key to the company's success going forward."

Jason Hart Biography

Hart, 42, is a 25-year veteran of the technology industry with a substantial track record of innovation and success, including more than 20 years leading security companies. Hart joined Identive in 2011 following the acquisition of idOnDemand, a company he co-founded that pioneered the delivery of smart card-based identity solutions via a cloud service. Prior to idOnDemand, he served as CEO and director of ActivIdentity, a publicly-traded provider of identity assurance and strong authentication solutions. Hart joined Actividentity in 2005 through the acquisition of Protocom Development Systems, Inc., an identity management software security business that he founded and led as CEO. Additionally, Hart was the 2002 Ernst and Young, Australian Young Entrepreneur and holds multiple U.S. and international patents.

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