M&A Deal Summary

Viisage Technology Acquires Iridian Technologies

On August 16, 2006, Viisage Technology acquired technology hardware company Iridian Technologies from Perseus for 29M USD

Acquisition Highlights
  • This is Viisage Technology’s 1st transaction in the Technology Hardware sector.
  • This is Viisage Technology’s largest (disclosed) transaction.
  • This is Viisage Technology’s 2nd transaction in the United States.
  • This is Viisage Technology’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2006-08-16
Target Iridian Technologies
Sector Technology Hardware
Buyer(s) Viisage Technology
Sellers(s) Perseus
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Iridian Technologies

Moorestown, New Jersey, United States
website
Iridian Technologies, Inc. is a provider in the research, development, and marketing of authentication technologies based on iris recognition, the most accurate biometric identifier.

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Buyer(S) 1

Buyer

Viisage Technology

Littleton, Massachusetts, United States

website

Category Company
Sector Information Technology
DESCRIPTION

Viisage is the world leader in biometric facial recognition and digital identification solutions that advance law enforcement investigations, improve security of public facilities, help protect citizens from identity theft and fraud and enhance homeland security.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2006) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-06 SecuriMetrics

Martinez, California, United States

SecuriMetrics, Inc., the manufacturer of the world's only full-function handheld iris recognition and multi-modal biometric devices, software applications and services.

Buy $28M

Seller(S) 1

SELLER

Perseus

Washington, District of Columbia, United States

website

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.

DEAL STATS #
Overall 16 of 31
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 13 of 22
State (New Jersey) 1 of 1
Country (United States) 15 of 27
Year (2006) 2 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-11 MTN Satellite Communications

Miramar, Florida, United States

MTN Satellite Communications, Inc. is a provider of communications and content services for remote locations around the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Deutsche KWK

Emstek, Germany

Deutsche KWK designs and manufactures combined heat and power (CHP) generation units fired by biogas and other alternative fuels. Deutsche KWK is based in Emstek, Germany.

Buy -
Mergr

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