M&A Deal Summary

Pangiam Acquires VeriScan

On March 19, 2021, Pangiam acquired information technology company VeriScan from Metropolitan Washington Airports Authority

Acquisition Highlights
  • This is Pangiam’s 2nd transaction in the Information Technology sector.
  • This is Pangiam’s 2nd transaction in the United States.
  • This is Pangiam’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2021-03-19
Target VeriScan
Sector Information Technology
Buyer(s) Pangiam
Sellers(s) Metropolitan Washington Airports Authority
Deal Type Divestiture

Target

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.

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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 2 of 3
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Linkware

Alexandria, Virginia, United States

Linkware LLC is an information technology consulting firm specializing in the delivery of customized software solutions to the federal government and commercial customers. With over 15 years of experience helping the Department of Homeland Security and U.S. Customs & Border Protection in the development, maintenance, and operations of software applications, Linkware specializes in cloud, web, mobile, containerization, microservice architectures, biometrics, DevOps, UI / UX, CI / CD, machine learning and continuous performance monitoring. Linkware was founded in 2011 and is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 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.

Buy -

Seller(S) 1

SELLER

Metropolitan Washington Airports Authority

Washington, District of Columbia, United States
Category Company
Founded 1987
Sector Aerospace
DESCRIPTION

Metropolitan Washington Airports Authority operates in the U.S. Capital Region’s gateways to the nation and the world, Ronald Reagan Washington National Airport and Washington Dulles International Airport, as well as the Dulles Airport Access Highway, the Dulles Toll Road, and construction of the Silver Line project, a 23-mile extension of the National Capital Region’s Metrorail public transit system through northern Virginia. Metropolitan Washington Airports Authority was founded in 1987 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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