Mobile identity solutions firm Mitek is acquiring IDchecker, a Dutch provider of cloud-based document verification and facial recognition tools, for $5.85M in cash, $2.75M in stock, and up to $2M in additional stock payments subject to revenue targets.Mitek said the purchase will boost its position in mobile capture and identity solutions for customer acquisition, and that IDchecker's cloud based platform deepens Mitek's ID verification capabilities.”The acquisition of IDchecker demonstrates our commitment to delivering solutions that optimize the mobile channel for safe and secure customer acquisition,” said James B. DeBello, president & CEO, Mitek. “By expanding our product portfolio, we will transform Mitek into a global provider of mobile capture and identity solutions in the multi-factor authentication market which is projected by the global market research firm MarketsandMarkets to be worth $10.75 billion by 2020.”IDchecker's current customers include a large international money transfer service, a leading worldwide payments company, and a global information services provider.The firm's Strong ID product authenticates 3,500 different types of passports, driver licenses and identity cards from nearly every country in the world. The company's proprietary identity document authenticity verification can be combined with its Facelink facial recognition technology.”The Mitek-IDchecker combination is an excellent strategic pairing, presenting a unique opportunity to leverage the complementary strengths of our robust portfolios and rich pipelines,” said Michael Hagen, Chief Executive Officer, IDchecker. “IDchecker's Strong ID combined with Mitek's proven mobile driver license capture, prefill and document authentication technologies provide an arsenal of mobile identification options that are optimized for today's digital sales and account origination requirements.”