|[February 10, 2014]
HID Global Acquires Biometric Leader Lumidigm, Enhances Authentication Portfolio
AUSTIN, Texas --(Business Wire)--
Global®, a worldwide leader in secure identity solutions, today
announced the acquisition of Lumidigm®,
a global leader in authentication solutions that use multispectral
imaging technology, software, and biometric fingerprint sensors to
authenticate identities with a high degree of certainty. The acquisition
extends HID Global's authentication portfolio while positioning the
company to deliver a variety of new secure identity solutions.
"Lumidigm's proven product portfolio will enhance our current strong
authentication offerings, especially for healthcare, financial
institutions and other high-security environments," said HID Global
President and CEO Denis
Hébert. "The company has unique technology protected by a large
patent portfolio and proprietary algorithms and has achieved strong
penetration in key emerging markets including South America and Africa.
Additionally, Lumidigm has a premier global customer base across
multiple strategically important markets. We are extremely pleased to
have Lumidigm's talented team join the HID Global family."
Lumidigm's technology solves problems with traditional biometric
technology, whose contact-based measurement accuracy is degraded by
non-ideal skin condition, poorly-defined or damaged fingerprints, and
adverse environmental conditions. In contrast, multispectral imaging
technology uses multiple light spectrums and advanced polarization
techniques to extract unique fingerprint characteristics from both the
surface and subsurface of the skin. This additional data enables
multispectral imaging-based solutions to deliver the highest-quality
fingerprint image and to more effectively discriminate real from
imposter or "spoof" fingerprints.
"This acquisition will enable Lumidigm to take advantage of HID Global's
size, channel and product development strengths to exploit a variety of
important new market opportunities," said Bob
Harbour, Executive Chairman of Lumidigm and Chairman and President
of the International Biometrics & Identification Association. "As part
of HID Global, Lumidigm can expand its current business while also
extending proven technology beyond finger- and hand-based applications
into iris, facial and other smart imaging systems. The combined company
will also have the opportunity to apply multispectral imaging
capabilities to credential acquisition and authentication, gesture
recognition, and other image-based process control systems, making
multi-factor authentication on a single, integrated device a reality."
Imperial Capital, LLC served as the exclusive financial advisor to
Lumidigm in this transaction.
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About HID Global
HID Global is the trusted source for innovative products, services,
solutions, and know-how related to the creation, management, and use of
secure identities for millions of customers around the world. The
company's served markets include physical and logical access control,
including strong authentication and credential management; card printing
and personalization; visitor management systems; highly secure
government and citizen ID; and identification RFID technologies used in
animal ID and industry and logistics applications. The company's primary
brands include ActivID®, EasyLobby®, FARGO®, IdenTrust®, LaserCard® and
HID®. Headquartered in Austin, Texas, HID Global has over 2,100
employees worldwide and operates international offices that support more
than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more
information, visit www.hidglobal.com.
Lumidigm Inc., a global leader in authentication solutions is dedicated
to enabling convenient, secure, and reliable identification of people,
products and credentials. Developed with "real world" performance as a
priority, Lumidigm's multispectral imaging technology, innovative
software and biometric fingerprint sensors allow customers to know "who"
or "what" to a high degree of certainty. Lumidigm and its strategic
partners have met challenging authentication requirements in markets
such as banking, healthcare, entertainment, and government services. The
Lumidigm Advantage is also suitable for industrial, commercial, and
transportation applications. Lumidigm is headquartered in Albuquerque,
New Mexico. For more information, visit www.lumidigm.com
or follow us on Twitter (News - Alert) @Lumidigm.
® HID and the HID logo are trademarks or registered trademarks of HID
Global in the U.S. and/or other countries. All other trademarks, service
marks, and product or service names are trademarks or registered
trademarks of their respective owners.
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