HID Global Enhances Authentication Portfolio With Lumidigm Acquisition
AUSTIN, Texas – HID Global announced Monday that it has acquired Lumidigm, a provider of biometric fingerprint sensors that uses multispectral imaging technology, for an undisclosed amount.
The acquisition allows HID Global to extend its authentication portfolio while positioning the company to deliver a variety of new secure identity solutions. The firm plans to use Lumidigm’s technology to strengthen its offerings for healthcare, financial institutions and other high-security environments, says Denis HÃ©bert, president and CEO, HID Global.
“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,” he explains.” Additionally, Lumidigm has a premier global customer base across multiple strategically important markets.”
Lumidigm’s 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. The 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, according to a company press release.
The deal also allows Lumidigm to take advantage of HID Global’s size, channel and development strengths to enter new markets, says Bob Harbour, Lumidigm executive chairman.
“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,” he says. “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 served as the exclusive financial advisor to Lumidigm in this transaction.
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