February 10, 2014 -
The financial terms of the deal have not been disclosed.
“Lumidigm’s proven product portfolio will enhance our current strong authentication offerings, especially for healthcare, financial institutions and other high-security environments,” HID Global President and CEO Denis Hébert said. “The company has unique technology protected by a large patent portfolio and proprietary algorithms and has achieved strong penetration in key emerging markets including South America and Africa. Additionally, Lumidigm has a premier global customer base across multiple strategically important markets. We are extremely pleased to have Lumidigm’s talented team join the HID Global family.”
Earlier this year, HID Global announced the expansion of its channel partner program.
“Lumidigm is an important technological addition to the ASSA ABLOY Group. The Company complements our current offering within the rapidly growing biometric segment. The acquisition of Lumidigm considerably enhances the Group’s position within biometrics and will provide complementary growth opportunities,” Johan Molin, President and CEO of ASSA ABLOY said.
Reported previously, Luymidigm has recently announced a number of large-scale deployments of its sensors and technology.
In November 2013, Lumidigm and Fulcrum Biometrics participated in an African vaccination program, which aimed to reduce waste and ensure that vaccinations are delivered efficiently.
Also, a month earlier, Lumidigm announced that it had provided fingerprint sensors for Senagalese biometric visa enrollment stations.
“This acquisition will enable Lumidigm to take advantage of HID Global’s size, channel and product development strengths to exploit a variety of important new market opportunities,” said Bob Harbour, Executive Chairman of Lumidigm and Chairman and President of the International Biometrics & Identification Association. “As part of HID Global, Lumidigm can expand its current business while also extending proven technology beyond finger- and hand-based applications into iris, facial and other smart imaging systems. The combined company will also have the opportunity to apply multispectral imaging capabilities to credential acquisition and authentication, gesture recognition, and other image-based process control systems, making multi-factor authentication on a single, integrated device a reality.”