Austin's HID Global grows again through an acquisition

Florida-based Bluvision expands the company's presence in the Bluetooth low-energy market.

Posted December 1st, 2016

Austin-based HID Global is continuing its buying spree with the purchase of Bluvision, a developer of Bluetooth low energy products.

Financial terms were not released.

Bluvision, founded in 2014 and based in Fort Lauderdale, Fla., sells Internet-of-things products including Bluetooth sensor beacons.

In September, GPS driving app Waze chose Bluvision as its hardware partner to create Waze Beacons, which are devices that enable tunnel navigation in the absence of GPS.

Stefan Widing, CEO of HID Global, said the deal adds new Bluetooth low energy products and expertise to its businesses, extends the company's cloud-based services and lets HID address a larger portion of the Internet of Things market.

HID Global designs and produces security and identity-authentication technologies. It has 2,700 employees worldwide and has international offices in more than 100 countries.

The company announced in 2012 that it would build its North American operations center in Austin. The city and state offered an estimated $3.5 million in potential tax incentives as part of the deal.

HID Global opened that operations center in 2014 and at that time announced that the company's corporate headquarters were also moving from California to Austin.

The company has made a number of acquisitions in recent years. In July, it purchased DemoTeller, a Euless, Texas-based company which develops systems that let financial institutions instantly issue financial or payment cards.

In December, HID Global acquired European identity document company IAI Industrial Systems, which provides technology used by governments to personalize and embed security features in passports and identity cards.