CoreStreet Sold to ActivIdentity for $20M

Fremont, CA-based ActivIdentity, which makes software and devices used to authenticate individuals entering secure facilities or logging on to private networks, said today that it is acquiring Cambridge, MA-based competitor CoreStreet for $20 million in cash, stock, and warrants. ActivIdentity said CoreStreet’s physical access control products and its distributed credential validation system—in which the information needed to update electronic locks is carried between locks on employees’ own smart cards—will strengthen its own credential management product lineup. CoreStreet, which Xconomy profiled in October 2007, had raised an undisclosed amount of venture funding from backers that included In-Q-Tel, the venture arm of the U.S. intellience community.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/