1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. California >
  6. Pangiam Acquires Trueface

M&A Deal Summary

Pangiam Acquires Trueface

On June 2, 2021, Pangiam acquired software company Trueface

Acquisition Highlights
  • This is Pangiam’s 1st transaction in the Software sector.
  • This is Pangiam’s 3rd transaction in the United States.
  • This is Pangiam’s 1st transaction in California.

M&A Deal Summary
Date 2021-06-02
Target Trueface
Sector Software
Buyer(s) Pangiam
Deal Type Add-on Acquisition

Target

Trueface

Los Angeles, California, United States
Trueface is a provider in computer vision focused on facial recognition, weapon detection, and age verification technologies. Trueface applies its patent-protected solutions to solve issues such as frictionless access control, contactless elevated temperature checks, social distancing and PPE compliance monitoring. Trueface was founded in 2013 and is based in Los Angeles, California.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Pangiam

McLean, Virginia, United States
Category Company
Sector Business Services
DESCRIPTION

Pangiam provides security and travels consulting services to commercial customers across a variety of industries. It offers a fully integrated pre-clearance travel technology architecture to enhance travel security and facilitate a seamless passenger experience. Pangiam is based in Tyson's Corner, Virginia.

DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-19 VeriScan

Washington, District of Columbia, United States

VeriScan is an integrated biometric facial recognition system for airports and airlines. VeriScan’s biometric facial recognition system provides a fast, secure, seamless boarding experience for airports and airlines to meeting biometric exit compliance and one-step boarding. VeriScan was founded in 2018 and is based in Washington, District of Columbia.

Buy -
Mergr

Solution for

Product

Company

Legal