SCM merges with Hirsch

August 2009 News

SCM Microsystems has announced it has closed its merger with Hirsch Electronics. The shareholders of both companies approved the transaction, which included the payment of cash and the issuance of SCM common stock and warrants to purchase shares of SCM common stock in exchange for the securities of Hirsch.

The merger closed on 30 April, 2009, and Hirsch is now a wholly-owned subsidiary of SCM. Each company’s products and services will continue to be marketed, sold and supported using their existing brand names.

“We see this merger as the completion of another milestone in the successful business relationship that SCM and Hirsch have been building together,” said Felix Marx, chief executive officer of SCM Microsystems. “We decided to combine two industry leaders into a single powerhouse because we see the market developing in the same way, we focus on serving our customers in the same way, and we already know how to work together.”

Acquiring Hirsch, a physical access solution provider and re-seller of SCM’s physical access readers, nearly doubles the size of SCM. SCM is a global provider of readers that enable people to access PCs and networks with smartcards containing authentication data and other information. This is known in the industry as logical access. Hirsch was a pioneer of the access control market and is now a top player in what is known as physical access – secure entry to buildings, campuses, military installations and other facilities.

The success of SCM’s strategy is also becoming evident in public-sector authentication schemes. The company is already producing and shipping specially designed products for Germany’s national e-health initiative, which will give doctors and patients fast, reliable and even mobile access to secure health information. Similar national programmes are in development or implementation around the world. In the US, Hirsch has included SCM products in its solutions for large-scale authentication projects involving the military and government agencies.

The merger of the two organisations is expected to require little integration because their existing operations are highly complementary, with little overlap. “For a variety of very practical reasons, we believe this combination has a high chance of success,” Marx noted. “We have already begun to execute on the opportunity internally, and are excited to be able to do even more for our customers than ever before.”

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Olarm launches the Olarm LINK
Olarm Perimeter Security, Alarms & Intruder Detection News Products
Building on the success of smart-enabling, monitoring and controlling alarm panels and electric fences, Olarm has a new solution for customers to integrate gates, garage doors, pumps and other electrical products with the Olarm APP and Olarm PRO communicator.

Ultimate smart monitoring and reliability
Olarm Perimeter Security, Alarms & Intruder Detection News Products
Olarm is gearing up to unveil its latest product, the Olarm MAX, set to be available in late 2023, which will redefine smart monitoring by offering unparalleled connectivity options and functionality.

Insights from the 2023 Cloud Security Report
News Cyber Security
Increased costs, compliance requirements, hybrid and multi-cloud complexities, reduced visibility, and a lack of skilled practitioners cause organisations to slow or adjust their cloud adoption strategies.

New algorithm for OT cybersecurity risk management
Industrial (Industry) Cyber Security News Commercial (Industry)
OTORIO’s new risk management model and attack graph analysis algorithm technology, calculates OT cybersecurity threats and provides risk mitigation actions, prioritised according to actual exposure and potential impact on operations.

Robots: a security opportunity or a threat?
Editor's Choice News Conferences & Events
Professor Martin Gill, Director of Perpetuity Research & Consultancy International and the School of Criminal Justice at the University of South Africa (UNISA), will be holding a Global Thought Leadership Security webinar on 22 June 2023 to discuss the contentious issue of robots operating in the security industry.

UNISA sponsors Securex seminars
Editor's Choice News Conferences & Events
As part of UNISA’s 150-year birthday celebrations, UNISA has sponsored the Securex Theatre Seminar Programme, which will include a number of prominent industry specialists, academics and security practitioners focusing on a number of themes.

Facilities Management Seminar Theatre
Securex South Africa News
The free-to-attend Facilities Management Seminar Theatre, powered by Broll, delivers information on the latest market trends, thereby keeping attendees up to date on solutions and technology centred on increasing facility system optimisation.

The latest security trends at Securex South Africa 2023
Securex South Africa News Conferences & Events Training & Education
Security technology evolves at a blistering pace, so it’s important to keep up to date with changing trends in order to ensure maximised safety of human and personal assets. The Securex Seminar Theatre, powered by UNISA, is the place to be.

Sustainability School opens for enrolment
Education (Industry) News Security Services & Risk Management
Three-part programme, first developed for Schneider Electric employees, is now available for free for companies worldwide. Attendees learn how to future-proof their businesses and accelerate their decarbonisation journeys.

From the editor's desk: Get Smart
Technews Publishing News
      Welcome to the fourth issue of Hi-Tech Security Solutions for 2023, which is also the first issue of Smart Security Solutions. As noted in previous issues, Hi-Tech Security Solutions has been rebranded ...