Francisco Partners has sold Crossmatch to HID Global. No financial terms were disclosed. Based in Palm Beach Gardens, Florida, Crossmatch is a provider of biometric identity management and secure authentication solutions.
AUSTIN, Texas–(BUSINESS WIRE)–HID Global®, a worldwide leader in trusted identity solutions, today announced that it has acquired Crossmatch, a leader in biometric identity management and secure authentication solutions, from Francisco Partners. Crossmatch’s portfolio of products includes biometric identity management hardware and software that complement HID’s broad portfolio of trusted identity products and services, making HID Global one of the world’s major providers of fingerprint biometric technologies.
“Our acquisition of Crossmatch strengthens HID Global’s ability to offer innovative biometric identity solutions to hundreds of millions of users worldwide,” said Stefan Widing, President and CEO of HID Global. “Adding Crossmatch to our company will extend HID’s market leadership in the trusted identity space and allow us to fulfill the promise of biometrics in critical identity applications.”
Founded in 1996 and based in Palm Beach Gardens, Florida, Crossmatch employs over 270 professionals across a global network of development hubs and strategic sales offices. With the acquisition, HID Global gains industry-leading biometric identity management solutions for civil government, defense and commercial applications, as well as a secure multifactor authentication software solution.
Crossmatch’s public-sector biometrics business enhances HID’s reach into immigration and border control, law enforcement, and military and defense markets with products and solutions that include criminal booking, rapid mobile identification, background checks, security clearance processing, military base access, counter-terrorism and mobile intelligence gathering, visa processing and citizen services.
The Crossmatch commercial biometrics business extends HID’s portfolio to include a broad array of single finger readers, modules, sensors and software developer kits (SDKs) for multiple vertical markets including – retail, financial, healthcare and OEM markets. This is a global business supporting a large volume of integrated partners. Crossmatch is also a leading provider of single fingerprint sensors to point-of-sale (POS) terminal manufacturers and is integrated with the major POS software applications.
HID also gains a unique secure authentication solution, DigitalPersona, that goes beyond the traditional multifactor approach to cybersecurity. DigitalPersona adds an array of risk-based factors, including behavioral biometrics, for secure, frictionless access to Windows and cloud, web, mobile and traditional applications.
“I am very pleased that Crossmatch is joining the HID family. Countering today’s advanced security threats requires innovative, comprehensive identity management solutions incorporating both biometric and non-biometric components. Our market-leading biometric identity management solutions and unique composite authentication solution perfectly complement HID’s already robust offerings. This will enable us to provide our global customers with an even broader range of trusted identity solutions, and our employees with increased opportunity for professional growth,” said Richard Agostinelli, CEO of Crossmatch.
Crossmatch® solutions solve security and identity management challenges for hundreds of millions of users around the world. Our proven DigitalPersona® composite authentication software is designed to provide the optimal set of authentication factors to meet today’s unique risk requirements and afford complete enterprise authentication coverage. Crossmatch identity management solutions include trusted biometric identity management hardware and software that deliver the highest quality and performance required for critical identity applications. Our solutions support the financial, retail, commercial, government, law enforcement and military markets in over 80 countries.
About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and over 2 billion things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID Global has over 3,000 employees worldwide and operates international offices that support more than 100 countries. HID Global® is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.