L-1 Identity Solutions [ID] has agreed to acquire Canada's Bioscrypt Inc. in a $44 million stock-for-stock transaction, in a deal that would give it capabilities and customers in the biometric-based physical and logical access control market. "With this acquisition, L-1 strengthens its leadership position in protecting and securing personal identities and assets by extending into access control, a market that is expected to grow substantially," says L-1 Chief Robert LaPenta. L-1 says the biometrics- based product piece of the world…
L-1 Acquiring Biometric Access Control Firm Bioscrypt
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