SuperCom Closes Smart ID Acquisition - Quick Facts

(RTTNews) - SuperCom Ltd (SPCB), a provider of Electronic Intelligence solutions, Thursday said it completed the acquisition of Smart ID division from On Track Innovations (OTIV). After the acquisition, SuperCom demonstrated combined pro-forma revenues of $26.2 million for 2012, with earnings per share of about $0.88. For the first half of 2013, earnings per share were $0.45. SuperCom anticipates extensive pipeline of over 50 bids, proposals and opportunities in over 25 countries, with a total potential revenue of over $500 million to be implemented over the next 5 years.

Arie Trabelsi, CEO of SuperCom commented: "With the SmartID division, we are adding a new suite of leading e-ID and e-Government capabilities, as well as experience in addressing National Multi-ID needs. The combination of SuperCom and SmartID's solutions and products, poise SuperCom to lead the National e-ID and e-Government market."