By IDEMIA Reorganizes to Accelerate Growth and Customer-Centricity
- After three consecutive years of profitable growth and cash generation, IDEMIA is announcing the creation of three Divisions: IDEMIA Secure Transactions (IST), IDEMIA Public Security (IPS), IDEMIA Smart Identity (ISI).
- Philippe Oliva (external appointment), Matthew Cole and Antoine Grenier appointed as Heads of each Division. Pierre Barrial remains President & CEO of IDEMIA Group.
- Each division will be given the means to address its specific market segment, to accelerate future growth and unlock value.
IDEMIA Group today announces a comprehensive reorganization of the company to pursue its mission to make the world safer for consumers and citizens. These changes have been in effect since January 2nd, 2024.
IDEMIA has consistently demonstrated its ability to perform in fast-evolving markets and pursue a strong sustainable growth trajectory, both in terms of sales and profitability. In 2023, IDEMIA’s revenue was nearly €2.9 billion and an EBITDA over €630 million.At the same time, it has always been a priority for the Group to simplify its operations and strengthen its customer-centricity.
The Group is therefore creating three Divisions, each operating as leaders in their specific market segment. Each Division will be given the means to accelerate future growth, to develop agility in their specific market segment and to provide tailored, innovation solutions to address their client needs.
“Over the past few years, the Group has clearly demonstrated its ability to perform and confirmed its change of dimension and an acceleration in growth and leadership. Today’s announcements demonstrate IDEMIA positioning the company for the future opportunities generated by the transformation of our industry. I am proud to see this project successfully come to fruition, and it will enable us to be as close as possible to our customer needs, offering them the most advanced solutions on the market,” said Pierre Barrial, President & Chief Executive Officer at IDEMIA Group. “I’m also delighted to welcome Philippe Oliva to the company and to appoint Matthew Cole and Antoine Grenier to their new roles. Their track record and international experience will be a major asset for IDEMIA.”
IDEMIA Secure Transactions (IST) is a Division of IDEMIA Group specializing in payment and connectivity solutions. With a global workforce of approximately 10,000 employees across 50+ countries, and an annual issuance of billions of physical and digital credentials, the Division’s expertise in advanced cryptography and at-scale credential issuance uniquely positions it in the market. Trusted by 2,400 customers worldwide, IDEMIA Secure Transactions excels in providing ultra-secure products, including advanced payment solutions, mobile payment services, 5G and Quantum-Safe 5G technology, cloud-based digital connectivity, and eco-friendly processes, catering to the evolving needs of diverse industries.
“In the field of digital transactions, security and convenience are not mere features but a necessity. At IDEMIA Secure Transactions, our commitment is to make it safer and easier to pay and connect in a world where digital technology is present everywhere. I’m very excited to join such a high performing team and to drive this Division into its new chapter. I am looking forward to collaborating with all our talented teams, to continue to provide both security and ease of use, and reinforce the trust we’ve built with our clients. As CEO of IDEMIA Secure Transactions, I’m proud to be part of this future,” stated Philippe Oliva, Chief Executive Officer at IDEMIA Secure Transactions.
IDEMIA Public Security (IPS) a Division of IDEMIA Group, is the premium provider of convenient, trusted biometric solutions revolutionizing the fields of public security and identity, travel and transportation, and access control around the world. Built on privacy and trust, our market-leading iris, fingerprint, and facial recognition solutions excel in independent benchmarking for accuracy, fairness, and scalability. For more than 50 years, the business has fostered longstanding relationships with major governmental, trans-governmental and private organizations across the globe. Its solutions —designed using the most advanced security features and encryption technologies available on the market and with a commitment to privacy, accuracy and fairness —enable its clients to build safer and fairer societies where people can live, interact, and move about freely. With more than 3,800 employees, IDEMIA Public Security is the largest global provider of law enforcement biometric systems. We provide TSA’s next generation Credential Authentication Technology (CAT2) and hold a market-leading position in identity documents in the U.S, including the issuance of over 60 million smart credentials in the Americas region.
This Division will be headed by Matthew Cole, who was previously Executive Vice President – Public Security & Identity Business Unit at IDEMIA.
“As we navigate an ever-changing landscape of security challenges, IDEMIA Public Security is dedicated to designing efficient world-class biometric solutions solving the unique challenges of government. Our combination of innovative technologies and a privacy-first approach enables us to deliver the best solutions for governments and corporate organizations looking to seamlessly and securely manage access, travel, and the flow of people, and ensure public safety. As Head of IDEMIA Public Security, I am pleased to lead a team that is engaged in shaping this future and ensuring biometric technology is used for good,” said Matthew Cole, Chief Executive Officer at Public Security.
IDEMIA Smart Identity (ISI) is a Division of IDEMIA Group specializing in physical and digital identity solutions. As a leader in secure identity solutions, IDEMIA Smart Identity offers a comprehensive portfolio, including state-of-the-art Civil ID documents, digital identity credentials, corporate cards, and associated services. With over 40 years of experience, the company has established itself as a trusted partner for governments globally, providing end-to-end solutions in civil ID, physical IDs, and digital solutions. The company also focuses on helping governments integrate digital solutions into their existing identity schemes, with a global presence in 79 countries and two major production facilities in Europe. As of now, IDEMIA Smart Identity has issued 3.5 billion identity documents worldwide, with 1,880 employees across 40 countries.
This Division will be headed by Antoine Grenier, who was previously Vice President – Europe Region for Public Security & Identity Business Unit at IDEMIA.
“Empowering nations with secured identities are not just our mission; it’s essential in a rapidly evolving digital world. At IDEMIA Smart Identity, we enable our customers to provide a secure legal identity, through biometrics and cryptography. This is one of our key objectives at IDEMIA Smart Identity, and I’m looking forward to leading this Division,” said Antoine Grenier, Chief Executive Officer at IDEMIA Smart Identity.
