SOURCE: ActivIdentity

December 11, 2008 19:00 ET

ActivIdentity Continues to Strengthen Its Executive Management Team

Company Appoints Michael Sotnick as Executive Vice President of Worldwide Sales and Field Operations

FREMONT, CA--(Marketwire - December 11, 2008) - ActivIdentity Corporation (NASDAQ: ACTI), a global leader in identity assurance and credential management, today announced that Michael Sotnick has joined ActivIdentity as its Executive Vice President, Worldwide Sales and Field Operations effective December 7, 2008. In this capacity, Mr. Sotnick will oversee all sales and field operations for the company.

Prior to joining ActivIdentity, Mr. Sotnick served as Senior Vice President and General Manager of SAP Americas, Inc. where he led the restructuring efforts of SAP's North American channel. Before SAP, he was Vice President of Partner Sales at Veritas Software Corporation. Mr. Sotnick was also previously Vice President of e-Business at Veritas Software Corporation and served in various sales positions at Seagate Software Corporation, including Managing Director, Europe/Middle East/Africa, Director National Sales, and Eastern Area Sales Manager.

"Mr. Sotnick brings to ActivIdentity a wealth of experience and knowledge of building both domestic and international large sales and channel programs," said Grant Evans, Chairman and Chief Executive Officer of ActivIdentity.

NASDAQ Notice

As an inducement to his entering into employment with the Company, Mr. Sotnick was awarded an option in accordance with NASDAQ Marketplace Rule 4350(i)(1)(A)(iv). The option entitles Mr. Sotnick to purchase, outside of the Company's stockholder approved equity incentive plans, an aggregate of up to 600,000 shares of the Company's common stock at an exercise price per share equal to the last reported closing price of the Company's common stock on the date of grant. The option vests per the Company's regular vesting schedule over four years and has a term of seven years.

About ActivIdentity

ActivIdentity Corporation has provided identity assurance and credential management solutions to enterprise, government, and financial services organizations worldwide for more than a decade. Trusted identity is the core of the ActivIdentity platform, enabling secure credential management.

ActivIdentity customers experience multiple benefits including increased digital and physical security, protection against on-line fraud, enhanced business process efficiencies, secure access to digital assets, and a pathway to regulatory compliance.

Headquartered in Fremont, CA (USA), ActivIdentity develops products in the United States, Australia, and France, and has sales and technical service centers in more than ten countries. Millions of users worldwide rely on ActivIdentity identity assurance and credential management system to address growing internal and external identity risks. For more information, visit www.actividentity.com.

ActivIdentity and ActivCard are registered trademarks in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.

Safe Harbor Statement

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to changes to our management team, the use of estimates and assumptions in our financial reporting, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). Copies of these filings are available from the Company and on the SEC's website at www.sec.gov. Actual results, events and performance may differ materially from our forward-looking statements and final results may vary from our preliminary reports. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contact:

    At Gutenberg Communications (for ActivIdentity):

    Suzanne Matick
    Email: suzannne@gutenbergpr.com
    Tel.: +1 831-479-1888