Francisco Partners has acquired Cross Match Technologies. The business is a provider of interoperable biometric identity management systems, applications, and services.
Francisco Partners, a leading technology-focused private equity firm, today announced the acquisition of Cross Match Technologies, Inc., a leading provider of high-quality, interoperable biometric identity management systems, applications, and services.
“Cross Match has a long history of innovation and has secured significant contracts with the most discerning government clients,” said Keith Geeslin, a partner at Francisco Partners. “Biometric technology is growing in importance, and Cross Match, with its strong management team and quality brand, is in an excellent position to capitalize on this growth.”
Founded in 1996, Cross Match’s offerings include a wide range of multimodal biometric solutions, which are used to capture and process the unique physiological characteristics of individuals to verify their identities. The company has more than 5,000 customers worldwide and over 250,000 products deployed in over 80 countries. Cross Match’s customers include the U.S. Department of Defense, Department of Homeland Security, U.S. State Department and various state and local governments; as well as numerous foreign governments and law enforcement agencies. It also provides biometric solutions to customers in transportation, critical infrastructure, financial services, education, and healthcare sectors.
“There is a growing global need for biometric tools to address a range of civil, defense, and local law enforcement issues,” said Cross Match President and CEO David Buckley. “Cross Match is well-positioned through our work with governments and law enforcement organizations around the world to deliver these solutions. We look forward to working closely with Francisco Partners to further develop our technologies to meet these important market requirements.”
Cross Match was advised by Lazard. Hogan Lovells US LLP acted as legal advisor to Cross Match and Kirkland & Ellis LLP acted as legal advisor to Francisco Partners. Financial terms of the transaction were not disclosed.
About Francisco Partners
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sub-sector knowledge and operational expertise can help a company realize its full potential.
About Cross Match Technologies
Cross Match Technologies, Inc. is a leading provider of biometric identity management systems, applications and enabling technologies to governments, law enforcement agencies and businesses around the world. These solutions are used to capture and process the unique physical characteristics of individuals to establish and verify their identities. Offerings include multiple biometric technologies capable of wireless, mobile or stationary use that encompass fingerprint, palm and full-hand scanners, facial capture systems, iris scanning technology, document readers, biometric software, and related services.