HID Global on Monday said it has acquired the identity management company Crossmatch in a deal that significantly expands its biometric product portfolio and authentication and identity assurance solutions.
HID Global, which is part of Sweden’s Assa Abloy Group, didn’t disclose the purchase price. Assa Abloy said in a separate release that Crossmatch, which has about 270 employees, is expected to have about $125 million in sales this year.
“Our acquisition of Crossmatch strengthens HID Global’s ability to offer innovative biometric identity solutions to hundreds of millions of user worldwide,” Stefan Widing, president and CEO of HID Global, said in a statement. “Adding Crossmatch to our company will extend HID’s market leadership in the trusted identity space and allow us to fulfill the promise of biometrics in critical identity applications.”
Adding Crossmatch helps provide HID Global with a more comprehensive suite of identity management solutions. The Texas-based company is known for its credentialing products and software, providing the personal identity verification credential to U.S. government employees, the U.S. Green Card, electronic passport technologies, single fingerprint readers, identification authentication platforms, access control systems, card readers, asset tracking and radio frequency identification tags.
Crossmatch has customers in the military, government and commercial spaces.
Florida-based Crossmatch makes a variety of fingerprint readers and modules, handheld and jump kit multimodal biometric solutions used by military, homeland security and law enforcement personnel, identity management software, and the DigitalPersonal multifactor authentication software solution for enterprise digital security.
Asked about plans for Crossmatch’s senior leadership, a HID Global spokesman told Defense Daily that this information will be made “public at the appropriate time.”
Crossmatch was owned by the private equity firm Francisco Partners. Societe Generale served as Crossmatch's financial adviser on the deal.