Snap, the parent company of the popular iOS and Android social media app Snapchat, has announced its acquisition of video animation startup AI Factory for a reported price of $166 million. The Ukrainian AI Factory is the team behind Snapchat’s popular new Cameos selfie-based video feature, through which deepfake-like videos of the user are generated…
FICO has launched two new biometric identity verification products in an effort to offer better digital security to its customers. FICO Identity Proofing is a digital onboarding solution that uses document and facial recognition to compare a user’s selfie to the photo on their official ID, while FICO Authentication Suite is a behavioral biometrics platform…
HID Global has completed its acquisition of De La Rue’s international identity solutions business, the company has announced. The latter company is a UK-based manufacturer of passports, bank notes, and tax stamps. When HID Global first announced its plan to buy De La Rue’s identity business back in June, the company noted the latter’s significant…
HID Global has established an agreement to acquire LUX-IDent, an RFID components supplier based in the Czech Republic, the company has announced. The Czech firm designs and manufactures RFID components including inlays, prelaminates, key fobs, and glass transponders, among others; and its solutions range across Low Frequency, High Frequency, Near Field Communication, and RAIN RFID…
HID Global has made its latest strategic acquisition, buying secure card maker Placard. Based in Melbourne, Placard is said to be Australasia’s largest secure card manufacturer, producing more than 100 million cards annually. In Australia, it is the only Secure Plastic Card maker accredited by all of the country’s major schemes. In a statement announcing…
“In announcing the acquisition, HID Global framed HydrantID’s platform as a complement to its own IdenTrust digital certificate platform.” HID Global has made its latest strategic acquisition, with Salt Lake City-based HydrantID coming into the fold. The latter specializes in offering Public Key Infrastructure (PKI) solutions, primarily revolving around the issuance of digital certificates for…
This week saw some pretty big news in the world of mobile identity, and a lot of it pointed the way forward for multiple different technologies. A salient example is mobile ID technology. Gemalto has announced its big foray into this area in the form of its Digital ID Wallet, designed to store virtual versions…
Chipmaker Broadcom has entered into an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion. The deal is part of a larger effort on Broadcom’s part to diversify its business, with the company aiming to become a leading global provider of IT infrastructure solutions across both hardware and software. The acquisition…
HID Global has established an agreement to acquire the identity solutions business of UK-based De La Rue, a manufacturer of banknotes, tax stamps, and passports. In announcing the acquisition, HID Global asserted that it would strengthen its position in the global government-to-citizen identification market, adding that De La Rue has a “significant market presence in…
US-based engineering firm II-VI is reassuring investors that its acquisition of Finisar should proceed as planned despite the US government’s placement of Huawei on its trade blacklist. The acquisition was approved by shareholders of both companies earlier this year, paving the way for a merger that could significantly extend the applications of Finisar’s 3D Sensing…
“Now, since it holds over 95 percent of Gemalto’s shares, Thales has been following through on its statutory obligation to buy out the remaining shares in order to attain a 100 percent shareholding.” Just a little over 97 percent of Gemalto shares have now been tendered to Thales‘ acquisition offer, the companies have announced. It’s…
After months of negotiations, Thales has finally completed its acquisition of Gemalto. The final price tag was €4.8 billion, and increases Thales’s revenues to €19 billion for 2018. “With Gemalto, Thales has acquired a set of highly complementary technologies and competencies with applications in all of our five vertical markets,” said Thales Chairman and CEO…
It’s official: Thales and Gemalto are merging. With the March 28th deadline for Gemalto shareholders to accept Thales’ acquisition offer now passed, the companies report that 85.58 percent of shares have been tendered, rendering the deal unconditional. As of April 1st, Gemalto will be consolidated into Thales’ financial statements, while payment of the share offer…
“Under the terms of the acquisition, Vocalize.ai will continue to operate as an independent company while testing Sensory’s solutions, and will also offer discounted services to Sensory’s clients.” Sensory, Inc. has acquired an independent evaluation service for speech recognition technology, a move aimed at enhancing its ability to refine its voice-based solutions. The acquisition, Vocalize.ai,…
Latvia-based eID specialist X Infotech has been acquired by Silverlake Axis (or “SAL”), a Malaysian FinTech solutions provider focused on the BFSI, retail, and logistics industries. Announcing the acquisition in a statement, SAL did not disclose its fiscal details, but indicated that it now possesses 80 percent equity in SIA X Infotech Group. Its CEO,…
Some clicks are worth more than others, especially in the world of online advertizing. Many ad views are created by bots rather than people, which is why the World Federation of Advertisers estimates that ad fraud will cost advertisers roughly $50 billion by the year 2025. With that in mind, the fraud prevention company Adjust…
NEC is buying a major European IT company in a bid to increase growth in its global safety business. The company announced that it has established a deal to acquire KMD, which it says is Denmark’s largest IT company. In a statement announcing the acquisition, NEC explained that it is part of its “Mid-term Management…
“The deal entails “a total consideration of $112 Million plus warrants,” according to a press release from the companies. It is expected to close by the year’s end.” Boku, a California-based mobile payments platform, is acquiring mobile authentication specialist Danal, Inc. The companies have signed an agreement for Boku to buy all of Danal’s outstanding…
Nuance Communications has signed an agreement to sell its Document Imaging division to Kofax, an automation software provider based in California. The deal is valued at $400 million in total. In a statement announcing the agreement, Nuance explained that selling off the Document Imaging division “enables Nuance to focus the business entirely on its conversational…
