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

Precise Biometrics completes private placement of shares

Precise Biometrics‘ board of directors has resolved to issue 14,925,373 new shares in Precise Biometrics through a private placement directed to a group of qualified Swedish and international investors. The purpose of the private placement is to finance Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining its current financial position. The subscription price for each new share was set to SEK 3.35 through a book-building procedure. Through the private placement, Precise Biometrics raises SEK 50 million (US$5.46 million) before

Precise Biometrics to acquire NexID Biometrics for $3.49M

Precise Biometrics has entered into an agreement to acquire spoof mitigation and liveness detection solutions provider NexID Biometrics for 32 million SEK (US$3.49 million) in cash. As a result of the acquisition, Precise Biometrics will be able to rapidly expand its fingerprint recognition software for mobile and embedded devices with liveness detection to significantly boost security and address customer demand for fraud mitigation. In addition, the acquisition will provide competitive advantages, strengthen Precise Biometrics´ leading position in fingerprint software, and

Gemalto enters into agreement to acquire 3M’s identity management business

Gemalto has entered into agreements to acquire 3M’s Identity Management Business for US$850 million. 3M’s Identity Management Business is comprised of 3M Cogent Inc., which provides a full spectrum of biometric solutions with a focus in civil identification, border control and law enforcement, and 3M’s Document Reader and Secure Materials businesses. 3M’s Identity Management Business is headquartered in the United States and present on three continents. The business is a trusted partner to governments, law enforcement, border control and civil

Facebook picks up facial recognition startup FacioMetrics

Facebook has acquired facial recognition startup FacioMetrics for an undisclosed amount. Using facial image analysis to determine emotions, FacioMetrics is aimed at a range of sectors including gaming, healthcare, augmented reality, and robotics. FacioMetrics founder and CEO Fernando De la Torre said the company’s facial image analysis technology offers several applications including augmented/virtual reality, animation, and audience reaction measurement. According to a report by ZDNet, the technology was born out of Carnegie Mellon University regarding computer vision and machine learning