L-1 completes Digimarc purchase

 

L-1 has closed its tender offer for all of the outstanding shares of Digimarc and completed its acquisition of Digimarc’s ID systems business.

As a result of the deal, Digimarc has now become a wholly-owned subsidiary of L-1 and changed its name to L-1 Secure Credentialing, Inc. Prior to the completion of the tender offer and the merger, Digimarc transferred its digital watermarking business to DMRC Corporation, which changed its name to Digimarc following the merger.