The US-based access control product company HID Global has acquired Lumidigm, the US-based biometric product firm.
Lumidigm’s authentication products use multispectral imaging, software, and biometric fingerprint sensors . HID says that the acquisition extends their authentication portfolio while positioning the company to deliver a variety of new secure identity solutions.
HID Global president and CEO Denis Hébert said: “Lumidigm’s proven product portfolio will enhance our current strong authentication offerings, especially for healthcare, financial institutions and other high-security environments. The company has unique technology protected by a large patent portfolio and proprietary algorithms and has achieved strong penetration in key emerging markets including South America and Africa. Additionally, Lumidigm has a premier global customer base across multiple strategically important markets. We are extremely pleased to have Lumidigm’s talented team join the HID Global family.”
According to the two firms, Lumidigm’s technology solves problems with traditional biometrics, whose contact-based measurement accuracy is degraded by non-ideal skin condition, poorly-defined or damaged fingerprints, and adverse site conditions. Multispectral imaging uses multiple light spectrums and advanced polarisation techniques to extract unique fingerprint characteristics from the surface and subsurface of the skin. This data enables multispectral imaging-based solutions to deliver fingerprint images to more effectively discriminate real from imposter or “spoof” fingerprints, the firms add.
Bob Harbour, executive chairman of Lumidigm is chairman and president of the International Biometrics & Identification Association. He said: “This acquisition will enable Lumidigm to take advantage of HID Global’s size, channel and product development strengths to exploit a variety of important new market opportunities.
“As part of HID Global, Lumidigm can expand its current business while also extending proven technology beyond finger and hand-based applications into iris, facial and other smart imaging systems. The combined company will also have the opportunity to apply multispectral imaging capabilities to credential acquisition and authentication, gesture recognition, and other image-based process control systems, making multi-factor authentication on a single, integrated device a reality.”
Imperial Capital, LLC served as the exclusive financial advisor to Lumidigm in this transaction.
