SANTA ANA, Calif. and ISMANING, Germany, Nov. 16 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. ( SCMM, Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, today announced results for its third quarter ended September 30, 2009. In the second reporting period following SCM's merger with Hirsch Electronics Corporation, revenue more than doubled, reflecting the success of the Company's strategy to increase its revenue by expanding its customer base and market reach through acquisitions and market investment.
"We are very pleased with the momentum we are seeing from our merger with Hirsch. Customers around the globe are expressing their interest and enthusiasm, we have new opportunities in every region, and SCM is being recognized as the first company capable of delivering truly converged solutions for network and physical access applications," said Felix Marx, chief executive officer of SCM Microsystems. "The integration of Hirsch and SCM has proceeded rapidly as we have focused on creating synergies within our sales and marketing organizations to accelerate the acquisition of new customers, expand our mutual distribution channels and introduce new products in target markets."
"Our merger with Hirsch was the first significant transaction of our acquisition strategy and we are working to replicate this achievement with our proposed business combination with Bluehill ID, which our stockholders will vote on in December. Both SCM and Bluehill ID are focused on access control, identity management and RFID technologies and markets, which are important applications that leverage contactless technologies, but each company operates under complementary brands within the RFID and smart card value chains. We believe combining with Bluehill ID will accelerate our development of a leadership position in contactless markets and technology and further diversify our business geographica
|SOURCE SCM Microsystems, Inc.|
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