ColorID Acquires CardExchange

 ColorID Acquires CardExchange to Strengthen Global Identity Solutions

ColorID, a leading provider of identity solutions and secure credential technologies, announced today that they acquired the CardExchange Group, which includes CardExchange Solutions, LLC (California, USA), ExchangeIT, B.V. (Netherlands), and CardExchange Solutions UNIPESSOAL, LDA (Portugal). 

“By working with the CardExchange team and selling their products for years, we have firsthand experience of how their solutions can catapult a user to the next level of functionality while providing a strong hedge against future technology changes,” said Gary Smith, ColorID President, and Co-Owner.” We are pleased to announce that Marcel Oosterhof will run the CardExchange business as an independent business unit of ColorID while ColorID continues to be an integrator of multiple software and hardware solutions in selected vertical markets. 

CardExchange Group President Marcel Oosterhof expressed his enthusiasm for the partnership, stating, “Joining forces with ColorID represents a tremendous opportunity to strengthen our product offerings that we will continue to sell through our world-class distribution channel.” 

Executive Vice President and Co-Owner of ColorID, Danny Smith, shared, “We are excited to welcome CardExchange into the ColorID family. With the growth of mobile credentials and the drive for open application-rich enterprise platforms, we believe the industry is at a major inflection point, and the CardExchange Group’s product portfolio is perfectly suited to offer our customers a flexible platform that will allow them to adapt to the rapidly changing identification landscape at a pace and direction that meets their specific needs.”