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M&A Deal Summary

Mitek Acquires ICAR

On October 16, 2017, Mitek acquired software company ICAR for 15M USD

Acquisition Highlights
  • This is Mitek’s 2nd transaction in the Software sector.
  • This is Mitek’s 3rd largest (disclosed) transaction.
  • This is Mitek’s 1st transaction in Spain.

M&A Deal Summary
Date 2017-10-16
Target ICAR
Sector Software
Buyer(s) Mitek
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

ICAR

Barcelona, Spain
ICAR is a provider of consumer identity verification solutions. ICAR provides cutting-edge technology solutions for customer identity verification, document forgery prevention, and fraud risk mitigation. ICAR was established in 2002 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Mitek

San Diego, California, United States
Category Company
Founded 1986
Sector Software
Employees565
Revenue 172M USD (2024)
DESCRIPTION

Mitek is a provider of mobile capture and identity software solutions for customer acquisition. Mitek's patented mobile photo technology automatically captures images of financial and personal documents and then extracts relevant data. Mitek was founded in 1986 and is based in San Diego, California.

DEAL STATS #
Overall 3 of 6
Sector: Software M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Spain M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 ID Checker.NL B.V.

Haarlem, Netherlands

ID Checker.NL B.V. is a provider of cloud based identity document verification and facial recognition solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 A2iA SA

Paris, France

A2iA SA is a developer of handwritten and printed document recognition, data extraction and smart document classification software. A2iA SA was established in 1991 and is based in Paris, France.

Buy €43M
Mergr

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