Cross Match Holdings and DigitalPersona have entered into a merger agreement to create a leading entity in biometric technology, enhancing their market presence and product offerings.

Target Company Overview

Cross Match Holdings, backed by Francisco Partners, has entered into a definitive merger agreement with DigitalPersona, creating a robust entity in the biometric technology sector. With a combined workforce exceeding 300 employees and a vast network of partnerships, the new organization will cater to millions of users globally across various markets, including government, finance, retail, defense, law enforcement, and corporate sectors. Rich Agostinelli, a seasoned leader in the industry and the current CEO of DigitalPersona, will lead the merged company, which will maintain its headquarters in Palm Beach Gardens, Florida.

Both companies are recognized leaders in biometric technology, yet they possess distinct portfolios with minimal overlap. Agostinelli anticipates a smooth integration, highlighting the complementary nature of their products and global support systems. He believes that this merger will enable the offering of an unparalleled suite of solutions in the biometric sector, catering to a widening scope of applications, from law enforcement and military to sectors like mobile commerce and e-passports.

Industry Overview

The biometric industry has gained significant momentum, particularly as biometric verification becomes integral to security frameworks for both logical and physical access. This growth is driven by the increasing need for