Aluf Holdings has announced that it has entered into a definitive agreement with Triad Biometrics, a biometric software innovator formed in 2004, to acquire its assets consisting of intellectual property and software products.The products include “undefeatable” FIPS 140-2 Suite B military grade encryption, among other ground breaking features.The companies revealed that the announcement stems from the previously reported LOI that Aluf Holdings signed with Triad Biometrics on 20 August.Pursuant to the terms of the agreement, the company will pay Triad US$3.75 million for the assets. Closing of the acquisition is subject to, among other things, the completion of satisfactory due diligence.Aluf Holdings is the creator of proprietary software with installations worldwide. The definitive agreement lays the foundation for the transferal of Triad's assets to a newly formed subsidiary, Aluf Biometrics, that will develop and enhance a suite of next generation biometric identification and authentication products.Aluf Holdings' business plan is focused on the profitable operation and management of subsidiary companies in the development of proprietary groundbreaking software that businesses and individuals will find unsurpassed in function and usefulness.Teresa McWilliams, CEO of Aluf Holdings stated, “This definitive agreement is consistent with the Company's strategic plan to aggressively achieve profitability and growth through insightful value added mergers and acquisitions.”