Los Angeles, CA, June, 2016 – Acuant, the leading provider of identity management solutions, has announced the acquisition of AssureTec Technologies, a leading provider of identity document authentication and data capture solutions. Following the transaction, Acuant will become the market leader for intelligent data capture, advanced document authentication and identity verification solutions. Acuant is focused on driving revenue through its partner channel, proving advanced workflow automation through mobile technologies and greater return on investment to those businesses using its solution.
Under terms of the deal, Acuant will integrate AssureTec’s intellectual property, capture and authentication patents. AssureTec’s industry leading AssureID authentication solution will be combined with Acuant’s proprietary technology to deliver the most comprehensive capture-to-authentication process for the traditional on premise solution, as well as a complete platform for mobile and cloud based ID capture, facial recognition and document authentication.”The addition of AssureTec Technologies adds scale, breadth, depth and capabilities that drive growth, profitability and innovation. This acquisition accelerates our mission to become the world’s most trusted source of credential proofing solutions, providing document authentication and mobile workflow automation for transaction dependent stakeholders,” said Yossi Zekri, Acuant Chief Executive Officer. “We are excited to integrate AssureTec to strengthen our global product offering with greater ability to scale the business and provide the market with proven and reliable solutions in digital verification.”
Steve Maloney, AssureTec CEO, will become Executive Vice President for Business Development & Strategy at Acuant.
“AssureTec has found the right partner in Acuant to significantly expand our leadership position in credential authentication and enhanced data capture,” said Maloney. “We look forward to providing our clients with the industry’s most comprehensive identity management and verification solution, and our employees with a wonderful opportunity for professional growth.”
As a result of this deal, Acuant will add end users in both government and commercial markets including healthcare, finance, border security, retail and regulatory compliance. The company has a significant partner network around the world with customers in over 100 countries as well as the industry’s largest document library. The integration of both companies results in twenty years of combined operating experience, from desktop and to the cloud.
Acuant is headquartered in Los Angeles, CA, with technical development, engineering and new technology centers operating globally.