Of L-1's $100 million investment in Viisage, which gives it a 28 percent stake in the company, $85 million is for acquisitions. After the IBT deal closes, Viisage will still have $50 million for additional deals.
LaPenta, who will be Viisage's new chairman once L-1's investment is approved, said on the call that he has looked at over 75 companies in the identity solutions space and there a "number that warrant further consideration."
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