Francisco Partners inks Cross Match deal
17 July 2012
Private equity firm Francisco Partners has acquired Cross Match
“Cross Match has a long history of innovation and has secured significant contracts with the most discerning government clients,” says 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 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 US Department of Defense, Department of Homeland Security, US 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, defence, and local law enforcement issues," says David Buckley, president and CEO, Cross Match. "Cross Match is well-positioned through our work with governments and law enforcement organisations 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."
Financial terms of the transaction have not been disclosed.