HID Global, an identity solutions provider has acquired Crossmatch, a biometric identity management and authentication company.
The company has purchased Crossmatch from private equity firm Francisco Partners. Founded in 1996 and based in Palm Beach Gardens, Florida, Crossmatch’s portfolio of products includes biometric identity management hardware and software.
Crossmatch’s public-sector biometrics business enhances HID’s reach into the immigration and border control, law enforcement, and military and defense markets with products and solutions that include criminal booking, rapid mobile identification, background checks, security clearance processing, military base access, counter-terrorism and mobile intelligence gathering, visa processing and citizen services.
Its commercial biometrics business also extends HID’s portfolio to include a broad array of single finger readers, modules, sensors and software developer kits (SDKs) for multiple vertical markets including – retail, financial, healthcare and OEM markets.
“Our acquisition of Crossmatch strengthens HID Global’s ability to offer innovative biometric identity solutions to hundreds of millions of users worldwide,” said Stefan Widing, President and CEO of HID Global. “Adding Crossmatch to our company will extend HID’s market leadership in the trusted identity space and allow us to fulfill the promise of biometrics in critical identity applications.”
Crossmatch is a provider of single fingerprint sensors to point-of-sale (POS) terminal manufacturers and is integrated with the major POS software applications. Through the deal, HID said it also gains a unique secure authentication solution, DigitalPersona, that goes beyond the traditional multifactor approach to cybersecurity. DigitalPersona adds an array of risk-based factors, including behavioral biometrics, for secure, frictionless access to Windows and cloud, web, mobile and traditional applications.
Richard Agostinelli, CEO of Crossmatch, added: “countering today’s advanced security threats requires innovative, comprehensive identity management solutions incorporating both biometric and non-biometric components.
“Our market-leading biometric identity management solutions and unique composite authentication solution perfectly complement HID’s already robust offerings. This will enable us to provide our global customers with an even broader range of trusted identity solutions, and our employees with increased opportunity for professional growth.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
