Identiv, Inc. operates as a global security technology company that secures data, physical places and things. Segments The company operates through four segments: Premises, Identity, Credentials, and All Other. Premises The foundation of the company’s premises business is the Hirsch line of controllers, including the advanced MX line, Hirsch's Velocity management software and its ICPAM software, EDGE controller and reader package. The company’s modular Hirsch MX controllers are designed to be scalable, allowing customers to start with a small system and expand over time. Hirsch MX controllers can operate autonomously, whether as a single controller or as part of a networked system with Velocity software. The Hirsch Velocity software platform enables centralized management of access and security operations across an organization, including control of doors, gates, turnstiles, elevators and other building equipment, monitoring users as they move around a facility, preventing unwanted access, maintaining compliance and providing an audit trail. uTrust door readers provide features to support various security environments and standards. uTrust TS readers support the majority of legacy card credentials with a next-generation platform that could help companies migrate to secure credentials and technologies, including smart cards, near field communication (NFC) and government-issued credentials. uTrust Scramblepad readers employ numerical scrambling on the keypad to protect access codes from being stolen as they are entered. Identity This segment’s products include smart card readers, which includes a range of contact, contactless, portable and mobile smart card readers, tokens and terminals that are utilized around the world to enable logical (i.e., PC, network or data) access and security and identification applications, such as national ID, payment, e-Health and e-Government. Related to its reader product line, the company provides the definition and provisioning of access cards and other devices that allow users to access their facilities and resources, and to empower facilities and security administrators to deploy customized solutions with optimal mix of cost, security and convenience to their user community, whether students, hospital patients, military and government personnel, consumers or users. Credentials This segment’s products include NFC and radio frequency identification (RFID) products, including inlays and inlay-based cards labels, tags and stickers, as well as other radio frequency (RF) and IC components. These products are manufactured in the company’s facility in Singapore and are used in a range of physical applications, including electronic entertainment games, loyalty cards, mobile payment systems, transit and event ticketing, and brand authenticity from pharmaceuticals to consumer goods, hospital resource management and many others. Leveraging the company’s expertise in RFID, physical access and physical authentication, it is developing new solutions to extend its platforms across various physical use cases. The next major opportunity in its connected world is the Internet of things, which fundamentally is about physical things. All Other This segment includes products, such as Chipdrive and Digital Media readers. Customers The company sells to customers worldwide in a range of markets, including government, enterprise, consumer, education, healthcare, and transportation. Sales and Marketing The company sells its smart card readers and RFID/NFC products directly to end users and utilizes indirect sales channels that might include original equipment manufacturers, dealers, systems integrators, value added resellers, resellers, or Internet sales. The company sells its physical access control solutions and its idOnDemand cloud-based identity and access management services primarily through systems integrators, dealers, and value added partners, although it also sells directly to end users. Seasonality The company experiences a stronger demand cycle in the second half of its fiscal year (year ended December 2015). Sales of the company’s physical access
identiv inc (INVE:NASDAQ CM)
2201 Walnut Avenue
Fremont, CA 94538
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