O’Melveny Advises HID Global Corporation on Acquisition of Vizzia Technologies
July 11, 2024
FOR IMMEDIATE RELEASE:
SILICON VALLEY—July 11, 2024—O’Melveny advised HID Global Corporation, an Austin, Texas-based worldwide leader in trusted identity solutions, on its acquisition of Vizzia Technologies, a leading provider of hardware-agnostic, full-service real-time location systems platforms designed for healthcare and hospital applications.
The transaction was announced on July 9.
The O’Melveny team advising HID was led by Silicon Valley M&A partner David Makarechian, head of the firm’s Emerging Technologies Group, and counsel Martin Mayo. Partner Ashwin Gokhale advised on IP issues, and partner Billy Abbott provided tax advice.
About O’Melveny
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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HID issued the following announcement:
HID Acquires Vizzia Technologies to Expand RTLS Offering for Healthcare, Including Asset Management and Tracking
Acquisition grows HID’s RTLS portfolio with enhanced asset management and tracking capabilities, strengthens company’s position in Healthcare vertical
AUSTIN, Texas, July 9, 2024 – HID, a worldwide leader in trusted identity solutions, today announced it has acquired Vizzia Technologies (Vizzia), a leading provider of hardware-agnostic, full-service real-time location systems (RTLS) platforms designed for healthcare and hospital applications. The addition of Vizzia expands HID’s offering and relevance in the Healthcare RTLS space, including support for asset management and tracking, as well as other use cases designed to meet the unique needs of healthcare facilities.
“Welcoming Vizzia and their innovative RTLS platform allows us to help healthcare professionals enhance the patient, visitor, and staff experience,” said Björn Lidefelt, EVP and Head of HID. “Thanks to this acquisition, our RTLS portfolio is now better equipped to empower hospitals to optimize their layered security approach and improve overall care.”
Vizzia offers a robust RTLS platform that is built with clinicians in mind. The platform includes an innovative asset management and tracking solution, which includes a modern user interface that tracks real-time location data and provides insights on equipment utilization, equipment inventory and purchasing decisions, as well as maintenance requirements. Vizzia also provides on-site managed services.
The platform offers best-in-class asset management and tracking capabilities, helping healthcare facilities – including leading hospital systems – save money and improve patient safety. Vizzia’s award-winning solutions allow users to find equipment quickly, eliminate lost and stolen equipment, prevent hospital-acquired infections, and help healthcare facilities rent and buy only the equipment they truly need.
In addition to its asset management and tracking capabilities, the addition of Vizzia provides additional solutions to HID’s Healthcare RTLS portfolio, including environmental monitoring, patient workflow, and hand hygiene compliance.
Marc Bielmann, SVP and Head of IdentificationTechnologies, HID, said, “Incorporating Vizzia into our Identification Technologies business further demonstrates our commitment to being a top contender in the Healthcare RTLS space. This acquisition is yet another exciting step in our journey to enabling safe and efficient workplaces using real-time location data for people and things.”
Founded in 2005 and headquartered in Atlanta, Georgia, Vizzia is now part of HID’s Identification Technologies Business Area. The Vizzia solution will merge into HID’s Internet of Things Services (IOTS) Business Unit and benefit from HID’s sales and other global functions to support its offering.
“At Vizzia, we have built a strong presence in providing outstanding technologies and services to our customers in the Healthcare space,” said Andrew Halasz, CEO, Vizzia. “We are excited to begin our next chapter with HID and look forward to combining forces to increase our market presence and leadership in this vertical that touches everyone’s lives.”
About HID
HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
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