ColorID Acquires CardExchange Group to Enhance Mobile Credential and ID Management Solutions

ANNOUNCEMENT – Acquisition strengthens ColorID and CardExchange's position as a global provider of identification solutions.

Cornelius, North Carolina, U.S.A., February 18, 2025 --- ColorID, a leading provider of identity solutions and secure credential technologies announced today that they acquired the CardExchange Group, which includes CardExchange Solutions, LLC (California, USA), ExchangeIT, B.V. (Netherlands), and CardExchange Solutions UNIPESSOAL, LDA (Portugal).

"By working with the CardExchange team and selling their products for years, we have firsthand experience of how their solutions can catapult a user to the next level of functionality while providing a strong hedge against future technology changes," said Gary Smith, ColorID President, and Co-Owner." We are pleased to announce that Marcel Oosterhof will run the CardExchange business as an independent business unit of ColorID while ColorID continues to be an integrator of multiple software and hardware solutions in selected vertical markets.

CardExchange Group President Marcel Oosterhof expressed his enthusiasm for the partnership, stating, "Joining forces with ColorID represents a tremendous opportunity to strengthen our product offerings that we will continue to sell through our world-class distribution channel."

Executive Vice President and Co-Owner of ColorID, Danny Smith, shared, "We are excited to welcome CardExchange into the ColorID family. With the growth of mobile credentials and the drive for open application-rich enterprise platforms, we believe the industry is at a major inflection point, and the CardExchange Group's product portfolio is perfectly suited to offer our customers a flexible platform that will allow them to adapt to the rapidly changing identification landscape at a pace and direction that meets their specific needs."

About CardExchange

CardExchange has over 20 years of experience, specialized development, and manufacturing software solutions for ID design, print production, and credential management and has over 70,000 active users of its on-premises software solutions, and over 2,000,000 active users from their enterprise SaaS product, CardExchange® Cloud Suite. Our expert team has built and supported our products with a proven record of providing scalable solutions for universities, corporations, hospitals, government, and more. In addition to our desktop products, our next-generation CardExchange® Cloud includes advanced feature-rich products with online ID management, mobile digital IDs, and print-anywhere capabilities.

About ColorID

ColorID is a trusted provider of secure identification solutions specializing in card issuance systems, biometric technology, and identity management services. With decades of experience and a customer-first approach, ColorID serves organizations across higher education, healthcare, corporate, and government sectors. The company's highly knowledgeable and customer-focused sales and product management teams help customers select the best products and services from well-known and innovative manufacturers to meet their requirements. Also, the company's engineering team provides exceptional support for the life of those products.

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