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| 06 Feb 2009 |
Bluehill ID completes acquisition of Fastcards Pty Ltd Brisbane / St. Gallen - Bluehill ID AG and Australian Fastcards Pty Ltd (www.fastcards.com.au) announced today that Bluehill ID has completed the acquisition of Fastcards.
Fastcards is an identity management services provider serving government and industry clients in addition to providing RFID tracking solutions for mining and industrial applications.
Ayman S. Ashour, CEO of Bluehill ID, commented today: "Fastcards has been a pioneer in serving the Australian market with innovative outsourced identity management solutions. Scott Austin and his team have developed tremendous expertise in this area that we expect would fit well with our other group companies.
Scott Austin, Founder and President of Fastcards acknowledged: "We are well acquainted with the Bluehill ID Team and already have strong working relationships with several Group companies. We are excited about joining the Bluehill Team and believe this will open up important opportunities for our solutions and will help solidify our technology and product base particularly in RFID."
About Fastcards Pty Ltd
Fastcards Pty Ltd (www.fastcards.com.au) is an identification technology company focusing on personalization, programming and issuance of ID credentials based in Brisbane, Australia. Fastcards offers a panel of services from online express ID cards delivery to customized ID management solutions. The products focus on secure credential management for corporations, governments, events as well as for mobility verification using RFID, and contact smartcard solutions including people ID and security cards.
About Bluehill ID AG
Bluehill ID AG is an international company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ.F/BUQ.DE; www.bluehill-id.com) Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies in the security, national identification, tracking and other growing applications. The business model of the company is based on combining disciplined acquisitive growth with strong organic growth from portfolio companies.
Contact
Fastcards Pty Ltd
Scott Austin
Tel: +61 73 84 44 62 3
Email: Bluehill ID AG Fabien B Nestmann
Tel: +41 44 78 38 043
Email: fbn@bluehill-id.com
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