Gemalto considering Atos 4.3 billion euros bid

French IT service group Atos has made an unsolicited offer to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share, dividend included. Atos claims to have secured the backing of the France’s state-owned investment bank Bpifrance, which holds an 8.3 per cent stake in Gemalto, for the deal. Gemalto’s board said on Tuesday that the company has until Friday to review the unsolicited all-cash bid. “The company subsequently informed Atos that it would carefully review the

Fingerprint Cards acquires Delta ID for $106M

Fingerprint Cards (FPC) has acquired iris recognition firm Delta ID for US$106 million (approximately 938 MSEK) in combined cash and debt, expanding its fingerprint business and technology with a line of iris biometric security solutions. The acquisition is expected to close during the spring, 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

Safran in exclusive talks to sell biometrics division to Advent for $2.7B

According to a report in Bloomberg, Safran has entered exclusive negotiations to sell its Safran Identity & Security division (formerly Morpho) to U.S. private-equity firm Advent International Corp. for $2.43 billion euros ($2.7 billion USD). The deal would see Safran’s biometric identification technology combined with Advent’s Oberthur Technologies, creating a business with $2.8 billion euros in annual revenue. In a statement, Advent commented that the combination of the Safran business with Oberthur would make them “uniquely positioned to accelerate the

FPC CEO considering acquisitions to expand into new markets

Fingerprint Cards AB CEO Christian Fredrikson said he is considering making acquisitions to help expand into new market segments such as sensor-equipped cards, access systems for buildings, smart-home technology, and cars, according to a report by Bloomberg. In a recent interview, Fredrikson said that one way to accelerate the company’s expansion efforts would be to acquire technology, businesses or competence outside its own core mobile business. “In the area we’re now in, we have a good position, but surely in

Mitek acquires face recognition firm IDchecker for up to $10.6M

Mitek announced it is acquiring Dutch cloud-based identity document verification and facial recognition tools provider IDchecker for up to $10.6 million. The company will pay $5.85 million in cash, $2.75 million in stock, and up to $2 million in additional stock payments through September 2016 if they successfully reach certain targets. IDchecker’s Strong ID solution “authenticates 3,500 different types of passports, driver licenses and identity cards from nearly every country in the world,” as well as compliments Mitek’s Photo Verify

Inside Kairos’ acquisition of emotion analysis firm IMRSV

After being repeatedly asked by customers if it was able to not only detect a person in video, but also the individual’s emotional state, age and gender, facial recognition software start-up Kairos realized it was time to offer such an emotion analysis capability. Kairos researched a number of companies on the market before it came across IMRSV, which it quickly realized was the best emotion analysis solution available. For months, the Miami-based company offered IMRSV’s camera enabled software solution to

FotoNation acquires UK iris recognition firm Smart Sensors Limited

Computational imaging solutions firm FotoNation Limited announced it acquired iris recognition biometric technology firm Smart Sensors Limited, which closed in the fourth quarter of 2014. For the past decade, Smart Sensors has been developing various solutions for iris feature extraction, biometric key creation and fast-matching functionality. Smart Sensors’ iris authentication technology is then integrated and operated on many product and processor platforms, which effectively increases device security and eliminates the need for passwords. The technology also authenticates and verifies user’s

Fingerprint recognition provider Technoglobal adopts accretive M&A strategy

Technoglobal Inc., a leading Japanese provider of fingerprint authentication technology, is seeking to acquire new international businesses to spur accretive growth. Technoglobal has decided to continue its expansion not just through organic growth but also via strategic overseas acquisitions. The firm has hired KGI Asia Limited, a pan-Asian financial services group, to assist in identifying purchase targets. KGI Asia is one of the top 10 futures brokers in the region, serving more than 500,000 clients in Hong Kong, China, Taiwan,

2012’s most significant biometric acquisitions

Through 2012, there were many major acquisitions in the biometric community, indicating industry consolidation, as well as a growing interest in biometric technologies in both the consumer and enterprise spaces. Here are the top 5 most significant acquisitions in the biometric community from 2012: 1. Apple’s $356 million acquisition of AuthenTec Definitely the most talked about acquisition, and perhaps even the most mysterious play by a major company, Apple’s US$356 million purchase of AuthenTec started a wave of speculation for