Viisage to Acquire Integrated Biometric Technology

L-1 Investment Partners teams with Viisage to acquire IBT

IBT customers include US Federal Government agencies, state and local governments as well as the three largest banks in the United States, and 34 state departments of motor vehicles including Connecticut, Delaware, North Dakota, Oklahoma, Rhode Island, and West Virginia. Combining IBT's success with fingerprinting solutions in the financial market with Viisage's document authentication, proofing and credentialing solutions is expected to provide highly desirable end-to-end identity proofing solutions for these and other institutions that must meet strict federal regulations for vetting a person's identity prior to granting privileges to those individuals, such as opening a new bank account.

Charles Carroll, president and CEO of IBT, commented, "IBT customers have benefited tremendously from our fingerprinting solutions, which have helped with significant business issues ranging from background checks for compliance to cost savings from fraud. We are delighted with the plan to become part of a greater suite of identity solutions and believe that Viisage offers the leading solutions in the market today. The synergies provided by this combination will enhance our product offerings as we pursue further opportunities such as TWIC and the Registered Traveler Program."