funsec mailing list archives
[privacy] Viisage rolls up the biometrics industry
From: "Richard M. Smith" <rms () bsf-llc com>
Date: Mon, 17 Jul 2006 14:57:14 -0400
http://news.yahoo.com/s/ap/20060717/ap_on_hi_te/viisage_iridian_3 By BRIAN BERGSTEIN, AP Technology Writer 57 minutes ago BOSTON - Viisage Technology Inc. moved again to strengthen its portfolio of biometric systems for homeland security and access control Monday by acquiring an iris-scanning company, Iridian Technologies Inc., for $35 million in cash. Since last year, when longtime defense executive Robert LaPenta engineered a $100 million investment in Viisage, the Billerica, Mass.-based company has used acquisitions to expand from its intial core in facial-recognition technology into fingerprint and iris biometrics. In January, Viisage spent $770 million in stock to buy fingerprint biometrics provider Identix Inc. The following month Viisage grabbed iris scanner SecuriMetrics Inc. for $28 million in cash. The Iridian deal is expected to close next month. Moorestown, N.J.-based Iridian, which has 27 employees and is privately held, is to be combined with SecuriMetrics. Once the deal is complete, LaPenta expects to rename Viisage as L-1 Identity Solutions to reflect the company's status as a full-service biometrics vendor. ...
_______________________________________________ privacy mailing list privacy () whitestar linuxbox org http://www.whitestar.linuxbox.org/mailman/listinfo/privacy
Current thread:
- [privacy] Viisage rolls up the biometrics industry Richard M. Smith (Jul 17)