ActivIdentity Corporation News
ActivIdentity Appoints Security Industry Veteran Grant Evans as Chief Executive Officer
"I am retiring from my position as CEO and a Board member of ActivIdentity for personal reasons," said Jahn. "I wish the company much success in the future."
Evans brings a unique perspective to the role of CEO. In addition to his worldwide operational expertise, he has a proven track record in both defining new categories in IT security and in generating global awareness for existing security offerings. His breadth of industry experience includes a critical role in launching and establishing certain aspects of the commercial biometric market.
"A new era for ActivIdentity starts now," said Evans. "The company has long been synonymous with technology excellence - sought after by world governments, global financial institutions and international enterprises. We are now poised to take ActivIdentity to the next phase in its growth, capitalizing on our strong technological background to introduce the next frontier in digital identity assurance worldwide."
In addition to his tenure at A4Vision, Inc., Evans has served as an executive vice president at Identix, a developer and manufacturer of identification technology solutions that is now part of L-1 Identity Solutions. He also held the position of vice president and general manager of Identicator Technology. Evans served on the board of Bioscrypt, is a member of the Board of Directors of 3VR and has held positions on Congressman Honda's Blue Ribbon Security Board for Homeland Security, the American Electronics Executive Advisory Committee and the Comdex Advisory Board on Security.
As an inducement to his entering into employment with the Company, Mr. Evans will be awarded two options in accordance with NASDAQ Marketplace Rule 4350(i)(1)(A)(iv). Each option entitles Mr. Evans to purchase up to 1 million shares of the Company's common stock outside of the Company's stockholder- approved equity incentive plans, at an exercise price per share equal to the fair market value of the Company's common stock on the date of grant. One option will vest per the Company's regular vesting schedule over four years and the other option will vest only upon the Company's stock price trading at or above
About ActivIdentity
ActivIdentity(R) Corporation (NASDAQ: ACTI) provides identity solutions to secure the business of enterprise, government, healthcare, and financial services organizations worldwide. Trusted identity is the core of the ActivIdentity platform enabling security for data, networks, applications, passwords and credentials, web, email and documents, transactions as well as converged security.
ActivIdentity solutions support the convergence of physical and logical identity through strong authentication with smart card lifecycle management, adding enterprise single sign on, and data encryption and digital signature.
ActivIdentity customers experience multiple benefits including increased network security, protection against identity theft and online fraud, enhanced workforce productivity, business process efficiencies, and regulatory compliance. For more information, visit http://www.actividentity.com.
ActivIdentity and ActivCard are registered trademarks in
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