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Business/Financial

Pangiam Acquires Facial Recognition System Developed By Airport Authority

By Cal Biesecker

Friday, March 19th, 2021

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Pangiam Acquires Facial Recognition System Developed By Airport Authority

Demonstration unit of the Metropolitan Washington Airports Authority's veriScan camera system. Photo: Cal Biesecker

Pangiam, a portfolio company of the private equity firm AE Industrial Partners (AEI), last Friday said it acquired an integrated facial recognition system from a Washington, D.C.-area airport authority that developed the system several years ago to meet Department of Homeland Security requirements to use biometrics to verify the departure of foreign nationals from the U.S. in accordance with their visa terms. The value of the deal wasn’t disclosed. Pangiam was formed last fall by AEI through the acquisitions of…

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