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Company Overview: VALID was founded in the late 50's under the name Thomas de la Rue, acquired in 1993 by American Banknnote and renamed to VALID in November 2010 after a 100% free float and the earlier acquisition of Microelectrónica Española in February 2010. The company offers integrated services in payment solutions, identification systems and develops, manufactures and sells smart cards to mobile network operators around the globe. In the early 1990’s, (under Microelectrónica Española) VALID had developed an operating system for SIM/USIM cards that has been adopted by some major mobile operators in Europe and Latin America.