Francisco Partners today announced the acquisition of Cross Match Technologies, a provider of biometric identity management systems, applications, and services. “Cross Match has a long history of innovation and has secured significant contracts with the most discerning government clients,” said Keith Geeslin, a partner at Francisco Partners. “Biometric technology is growing in importance, and Cross Match, with its strong management team and quality brand, is in an excellent position to capitalize on this growth.”
Cross Match Technologies is a provider of biometric identity management systems, applications and enabling technologies to governments, law enforcement agencies and businesses around the world. The company’s products and services are used to capture and process unique physical characteristics of individuals to establish and verify their identities. Products include multiple biometric technologies capable of wireless, mobile or stationary use that encompass fingerprint, palm and full-hand scanners, facial capture systems, iris scanning technology, document readers, biometric software, and related services. The company has more than 5,000 customers worldwide and over 250,000 products deployed in over 80 countries. Cross Match’s customers include the U.S. Department of Defense, Department of Homeland Security, U.S. State Department and various state and local governments; as well as numerous foreign governments and law enforcement agencies. It also provides biometric solutions to customers in transportation, critical infrastructure, financial services, education, and healthcare sectors. Cross Match Technologies was founded in 1996 and is based in Palm Beach Gardens, FL (www.crossmatch.com).
“There is a growing global need for biometric tools to address a range of civil, defense, and local law enforcement issues,” said Cross Match President and CEO David Buckley. “Cross Match is well-positioned through our work with governments and law enforcement organizations around the world to deliver these solutions. We look forward to working closely with Francisco Partners to further develop our technologies to meet these important market requirements.”
Francisco Partners pursues investments in technology companies with transaction values ranging from $50 million to $2 billion. Transaction structures include buyouts, divisional divestitures, recapitalizations, restructurings and growth equity financings. Francisco Partners is headquartered in San Francisco, CA (www.franciscopartners.com).
Cross Match was advised by Lazard. Hogan Lovells US acted as legal advisor to Cross Match and Kirkland & Ellis acted as legal advisor to Francisco Partners.