Valid S.A. is a Brazilian engraving company headquartered in São Paulo that provides security printing services to financial institutions, telecommunication companies, state governments, and public agencies in Brazil, Argentina, and Spain. In total there are 3 factories and 84 "personalization sites". In 2010, sales totaled 465.1 million cards, 15.4 million driver's licenses and identity cards and 12.3 thousand tons of paper. Wikipedia