Ownership Structure
*Interprint is withdrawing from Incard Ltda.
| Company | Operation |
| Interprint | Services related to identification and electronic print |
| Valid Argentina | Services related to bank cards, telephone cards and identifications services |
| Valid Certificadora | Services for the digital certificate segment |
| Valid Spain | Acquired in 2010, provider of SIM cards. P&D team is located in Valid Spain. |
| Valid USA | Acquired in 4Q12, provider of solutions for financial institutions (cards and paper) and retailers (gift card) |