Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

HID Global Acquires Biometric Leader Lumidigm, Enhances Authentication Portfolio  Join our daily free Newsletter

MENAFN Press - 16/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) HID Global, a worldwide leader in secure identity solutions, 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 Hbert. "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





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.About LumidigmLumidigm 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 @Lumidigm.

 


MENAFN Press




  MENA News Headlines
 Oct 30 2014 - Saudi- Shields felt 'abused' by motherArab News
(MENAFN - Arab News) LOS ANGELES: Brooke Shields is releasing a memoir detailing how she felt 'abandoned' by her mother due to her alcoholism.The 49-year-old has enjoyed a successful career with ...

 Oct 30 2014 - Saudi- Julia's 'big risk' makes her happyArab News
(MENAFN - Arab News) LOS ANGELES: Actress Julia Roberts feels she has taken a 'big risk' by not going under the knife to fight the ageing marks.'By Hollywood standards I guess I've already taken a ...

 Oct 30 2014 - Saudi- Alia's short film impresses AshtonArab News
(MENAFN - Arab News) MUMBAI: Alia Bhatt has found a fan in Hollywood hunk Ashton Kutcher who has praised the actress short film on women's safety.Titled 'Going Home' the short film which has gone ...

 Oct 30 2014 - Saudi- Former farmer is new Miss UgandaArab News
(MENAFN - Arab News) KAMPALA: A former mushroom and poultry farmer has been crowned Miss Uganda following a major rebranding of the annual beauty pageant which saw the glamor of the catwalk ditched ...

 Oct 30 2014 - Saudi- Shakira to launch baby toys moms' Web seriesArab News
(MENAFN - Arab News) NEW YORK: Shakira is partnering with Fisher-Price to launch a line of baby toys as well as a Web series for moms.The Mattel Inc.-owned company announced Friday that the First ...

 Oct 30 2014 - Artist captures Gaza pain in clayArab News
(MENAFN - Arab News) GAZA CITY Palestinian Territories: Among the mountains of rubble littering Gaza after a deadly summer war clay outlines emerge of men women and children with a story to tell ...

 Oct 30 2014 - Saudi- Royals drag Giants to Game 7 with 10-0 routArab News
(MENAFN - Arab News) KANSAS CITY Missouri: Lorenzo Cain hit a two-run single and Eric Hosmer lined a two-run double over shortstop in a seven-run second inning as the Kansas City Royals battered the ...

 Oct 30 2014 - Saudi- Elsdon-Hahn champion in Pink Ladies Day Golf TournamentArab News
(MENAFN - Arab News) To show its support for the breast cancer awareness month in October the Dirab Ladies Group organized its annual Pink Ladies Day Golf Tournament 2014 last week at Dirab Golf ...

 Oct 30 2014 - Saudi- Royals pin hopes on Ventura in bid to stay aliveArab News
(MENAFN - Arab News) KANSAS CITY Missouri: A 2-foot-tall image of deer in multicolored neon with a bulls-eye on its tail is affixed to a wall in the Kansas City Royals locker room. It hangs between ...

 Oct 30 2014 - 3rd New Zealand-South Africa ODI washed outArab News
(MENAFN - Arab News) HAMILTON New Zealand: Rain washed out the third limited-overs cricket international between New Zealand and South Africa on Monday leaving the Proteas with a 2-0 series win.South ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help