IDENTOS acquires Precise Biometrics smartcard unit: Q&A with CEO Mike Cook

Last month, IDENTOS completed its acquisition of Precise Biometrics’ mobile smartcard solutions business, which includes the business operation involving smartcard readers under the Tactivo brand. The acquisition aligns with Precise Biometrics’ strategy to further increase its focus on its fingerprint technology business and free up resources for the development and sales of fingerprint technology. Precise Biometrics said the mobile smartcard solutions business will be reported separately as a divested business operation, with net sales of SEK 13.9 million (US$1.6 million)

Acquisition to boost HID Global’s secure government ID offerings

HID Global has acquired government ID solutions firm Arjo Systems SAS for an undisclosed amount, expanding HID Global’s capabilities to deploy electronic identification (eID) and ePassport solutions for government programs. “Our acquisition of Arjo Systems significantly advances our Government-to-Citizen ID business, broadening our geographical reach and giving us critical mass,” explained Stefan Widing, president and CEO of HID Global. “Arjo Systems is a strong fit for HID Global, complementing our existing government ID offerings with an expanded range of capabilities

Fingerprint Cards completes Delta ID deal; announces new deployments, collaborations

Fingerprint Cards has finalized the acquisition of California-based Delta ID. The deal for US$106 million in combined cash and debt was first announced in February, subject to regulatory approvals. Delta ID develops and delivers a range of iris recognition solutions, including its ActiveIRIS iris recognition system for mobile phones, PCs, tablets and vehicles. ActiveIRIS system includes a cloud-based solution and is also certified for use with Aadhaar, India’s national biometric identity system. “We are very pleased to have finalized the

Advent completes Safran deal

Advent International and French investment bank Bpifrance have completed a deal to acquire the French company Safran Identity & Security. Last September, Safran announced that it had entered into exclusive negotiations with Advent International, the owner of Oberthur Technologies since 2011, to sell its identity and security activities and the transaction was finalized on May 31, 2017. Advent will merge Safran Identity & Security with Oberthur Technologies to form a new company temporarily called OT-Morpho. The company will unveil its

Gemalto’s acquisition of 3M’s Identity Management Business now complete

Gemalto has completed the acquisition of 3M’s Identity Management Business after approval by the relevant regulatory and antitrust authorities. This acquisition rounds out Gemalto’s Government Programs offering by adding biometric technologies and more secure document features. The deal also positions Gemalto to provide solutions for the growing commercial biometrics market. The Identity Management Business will be integrated into Gemalto Government Programs business. In 2016, the acquired business generated $202 million in revenue and an estimated $53 million in profit from

EU approve Advent’s acquisition of Morpho subject to smartcard business sale

European Union antitrust regulators have approved private equity firm Advent International‘s €2.4 billion (US$2.57 billion) acquisition of Safran’s identity and security solutions firm Morpho, conditional on the sale of Morpho’s payment smart card business in France. The move comes a few months after Safran Identity & Security CEO Anne Bouverot discussed the pending acquisition of Morpho by Advent in a Q&A interview. The European Commission focused its investigation on the companies’ overlapping activities in smart card markets, as Advent International

Mastercard to acquire NuData Security to boost IoT payment security

Mastercard said it will acquire NuData Security, which provides online and mobile fraud detection solutions using behavioral biometrics, according to a report by ZDNet. The acquisition, whose terms were not disclosed, will see Mastercard integrate NuData’s behavioral biometrics technology into its fraud management and security products. The understanding here is that secure payments will play an integral role in the Internet of things ecosystem and smart devices. NuData’s flagship product line, NuDetect identifies authentic users over fraudulent ones based on

NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a critical component to our payment and authentication products, but also a platform which will enable a whole new suite of offerings including payments, credential management, and secure authentication

Apple acquires Israeli facial recognition firm

Apple has acquired an Israeli cybersecurity startup Realface whose facial recognition technology can be used to authenticate users. According to a TechTimes report, the technology is said to be capable of learning facial features. Israeli financial website Calcalist reported yesterday that this deal, Apple’s fourth acquisition in Israel, is estimated to be worth a couple of million of dollars. The Times of Israel reported that Realface had raised $1 million prior to the acquisition and employs up to 10 people,

NexID Biometrics acquisition finalized

After government approvals, Precise Biometrics has finalized the acquisition of the assets of liveness detection software developer NexID Biometrics. NexID Biometrics has extensive experience from processing and analyzing fingerprint images, and will become a vital part of Precise Biometrics research and development, strengthening the company`s position with competitive advantage, and creating opportunities for growth in the fingerprint technology market. The acquisition gives Precise Biometrics access to liveness detection software that stems from over 10 years of research by scientists on