ActivCard Corp. (Nasdaq: ACTI), a global leader in Digital Identity Assurance, today announced that it intends to change its name to ActivIdentity.
The change reflects the Company's vision and alignment of its business with the high growth global identity markets.
The Company's board of directors has approved the name change and it will be submitted to the Company’s stockholders for approval at the annual meeting in February 2006. However, effective today, the Company will do business under its new name, ActivIdentity. The Company will continue to trade under its current ticker symbol, ACTI, on the Nasdaq National Market.
The Company's vision is to enable an individual to have a secure electronic identity allowing access to information systems anywhere, anytime. ActivIdentity delivers this vision by adding digital identity assurance and digital evidence to network infrastructures, allowing people and organizations to electronically interact with confidence.
"The combination of strong authentication and credential management should position ActivIdentity to achieve its technology mission," said Sally Hudson, Research Manager, Security Products and Services at IDC. "With digital proof of identity in place, organizations can move forward in adopting end-to-end solutions for compliance."
"Our new name more accurately reflects our business focus and position within the broader identity management market," said Ben C. Barnes, Chief Executive Officer. "This is more than just a name change; this move reflects a refinement in our position and focus."
"Our focus is executing on our core competencies to deliver best of breed proof of identity, digital signatures and credential management integrated with our industry leading identity management and physical access partners including IBM, Lenel, Microsoft, Novell, Oracle, Sun. Together with our partners, we deliver a trusted end-to-end identity management solution to help our customers meet voluntary and mandatory legislation such as eSign, HSPD-12, HIPAA, Graham Leach Bliley, FFIEC guidelines, Sarbanes-Oxley and BASEL II," continued Mr. Barnes.
"ActivIdentity will provide individuals with the same level of confidence in electronic interactions as in face to face transactions by integrating identity assurance services into the infrastructure," said Yves Audebert, President and Chief Strategy Officer. "The solutions will provide our customers with irrefutable proof of a business interaction providing a basis for the digitally binding "I Agree"."