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Business/Financial

Cross Match Takes Stake In Document Authentication Firm

DDN

Wednesday, December 12th, 2007

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Cross Match Technologies yesterday said it has acquired a minority stake in document authentication software developer AssureTec Systems to position itself to be able to offer more complete identity management solutions. Financial terms of the investment weren't disclosed. Cross Match does get one seat on AssureTec's four member board of directors. Cross Match's main sales generator is its fingerprint devices. The company does have document readers and related software but wants access to what it believes is AssureTec's leading capabilities…

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