IDEMIA Group 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. 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,” said Pierre Barrial, President & Chief Executive Officer at IDEMIA Group.
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- 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.
This Division will be headed by Philippe Oliva, who joined the company and took up his post on 22nd January.
“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.
SOURCE: PRNewswire