Swedish fingerprint-focused biometrics firm Fingerprint Cards enhanced its reach in the smartphone market by acquiring the iris recognition solutions firm Delta ID for US$106 million.The transaction is subject to regulatory approvals and expected to close during spring 2017.Delta ID develops and deliver biometric identity and authentication solutions based on iris recognition technology. The company's ActiveIRIS system, which includes a cloud based solution, is use with India's Aadhaar, the world's largest biometric identity system.Indeed, Delta ID has been working with Samsung on iris recognition-enabled tablets there that will be linked to the programme.”The acquisition means that we now expand our business to also include security solutions based on Delta ID's world leading iris recognition technology. Delta ID complements our current product and business range perfectly, and we see both market and customer synergies. Delta ID's products are for instance certified to be used with Aadhaar in India, and Fingerprints have a strong customer base in China”, says Christian Fredrikson, CEO of Fingerprints.”Through the acquisition we will be able to provide multi-modal solutions to the market, combining iris recognition with our fingerprint sensors. Hence, the products will be both more secure and user-friendly. The acquisition is consistent with our strategy to expand and maintain our leadership position within biometry, from our leading position within fingerprint sensors for smartphones”, concludes Christian Fredrikson.Delta ID is based in Newark, Silicon Valley, California. The company was founded in 2011 and has 15 employees. Existing customers include Samsung, HP and Fujitsu. Through the acquisition Delta ID will be integrated into Fingerprints' organizational structure and employees from both companies will be co-located when possible.”We are very excited to become part of the Fingerprints team. The potential synergies are obvious as we are both leaders in our respective fields and also very complementary. Together, we will create new exciting solutions for our customers and make biometrics authentication more secure and convenient for the users”, says Dr. Salil Prabhakar, president and CEO of Delta ID.
Fingerprint Cards buys Delta ID for US$106 million
