How do the two companies’ products and technology complement each other?
• Hirsch has focused on physical access while SCM has focused on logical access; the two types of access go together in complete solutions. • SCM develops and markets a wide range of smart cards readers and terminals. Hirsch develops and markets systems that incorporate smart card readers and terminals. • SCM has substantial expertise in chip set design and software development, creating components that can be embedded into OEM devices. • Hirsch’s expertise is in the design and manufacture of integrated security systems. • The merger will provide opportunities for SCM and Hirsch to jointly develop new, integrated products and systems that address evolving technologies and market requirements for physical and logical access. • Hirsch will benefit from SCM’s strong OEM relationships while SCM will benefit from Hirsch’s systems-level selling model and Professional Services Group for development of customer-specific applications.How do customers benefit from the acquisition? • The most imp
