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L-1 Identity Solutions, Inc. was an American biometric technology company headquartered in Stamford, Connecticut, specializing in identity management products and services including facial recognition systems, fingerprint readers, and secure credentialing solutions for governments and commercial enterprises.[4][5] The company's shares traded on the New York Stock Exchange under the ticker symbol "ID."[5]
| Industry | Biometrics, Identity management, Homeland security [1] |
|---|---|
| Predecessor | Viisage Technology, Inc. and Identix Incorporated |
| Founded | August 29, 2006 |
| Defunct | July 26, 2011 |
| Successor | Idemia |
| Headquarters | , |
Key people | Robert V. LaPenta (Chairman, President and CEO) [2] |
Number of employees | 2,200+ (as of 2010, prior to ISG divestiture) [3] |
History
editL-1 Identity Solutions was formed on August 29, 2006, from a merger of Viisage Technology, Inc. and Identix Incorporated.[6] Prior to the Safran acquisition, L-1 divested its Intelligence Services Group (ISG) comprising SpecTal LLC, Advanced Concepts Inc., and McClendon LLC to BAE Systems, Inc. for approximately $297 million.[7] The transaction, initially announced in September 2010, closed on February 15, 2011, with more than 1,000 ISG employees joining BAE Systems' Intelligence & Security sector.[7] It specializes in selling face recognition systems, electronic passports,[8] such as Fly Clear,[9] and other biometric technology to governments such as the United States and Saudi Arabia. It also licenses technology to other companies internationally, including China.
On July 26, 2011, Safran (NYSE Euronext Paris: SAF) acquired L-1 Identity Solutions, Inc. for a total cash amount of USD 1.09 billion.[10] L-1 was part of Morpho's MorphoTrust department which rebranded to Idemia in 2017.[11]
Bioscrypt is a biometrics research, development and manufacturing company purchased by L-1 Identity Solutions. It provides fingerprint IP readers for physical access control systems, Facial recognition system readers for contactless access control authentication and OEM fingerprint modules for embedded applications.[12] According to IMS Research, Bioscrypt has been the world market leader in biometric access control for enterprises (since 2006) with a worldwide market share of over 13%.[13] In 2011, Bioscrypt was sold to Safran Morpho.[citation needed]
References
edit- ↑ "Exhibit 99.01: Press Release dated August 21, 2006". U.S. Securities and Exchange Commission.
- ↑ "Exhibit 99.01: Press Release dated August 21, 2006". U.S. Securities and Exchange Commission.
- ↑ "Exhibit 99.1". U.S. Securities and Exchange Commission.
- ↑ Klein, Naomi (2008). "China's All-Seeing Eye". Rolling Stone. Archived from the original on May 17, 2008.
L-1 projects its annual revenues will hit $1 billion by 2011, much of it from U.S. government contracts.
- 1 2 "Press Release dated August 29, 2006, issued by Viisage Technology, Inc". www.sec.gov. Retrieved 2026-05-18.
- ↑ "Viisage and Identix Merge to Form L-1 Identity Solutions, Reflecting a Singular Focus on Protecting and Securing Personal Identities; Company's Stock Will Trade at NYSE:ID; CEO and Chairman Robert LaPenta to Ring Opening Bell Tomorrow". www.businesswire.com. 2006-08-29. Retrieved 2019-05-03.
- 1 2 "BAE Systems Completes Purchase of L-1's Intelligence Services Group". www.globalsecurity.org. Retrieved 2026-05-18.
- ↑ Gertz, Bill (2008-05-16). "Passport cards called security vulnerability". The Washington Times.
The agency has contracted with L-1 Identity Solutions Inc. to produce electronic-passport cards as a substitute for booklet passports for use by Americans who travel frequently by road or sea to Canada, Mexico and the Caribbean.
- ↑ "L-1 Identity Solutions Joins Clear Team to Lead All Airport Deployments for Nation's Leading Registered Traveler Program; ARINC to Continue Program Support". Retrieved 2008-05-19.
{{cite web}}: CS1 maint: deprecated archival service (link) - ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2016-03-04. Retrieved 2020-02-21.
{{cite web}}: CS1 maint: archived copy as title (link) - ↑ "Secure authentication giant OT-Morpho is now IDEMIA, pushes augmented identity". SecureIDNews. Retrieved 2024-02-04.
- ↑ "Industry Canada". Industry Canada. 2011. Archived from the original on 2013-10-02. Retrieved 2016-04-20.
Bioscrypt Inc. - Complete Profile
- ↑ "Bioscrypt Named Global Market Leader for Biometric Physical Access Control Readers". PR Newswire. 2011.
World Market Leader in Biometrics: Bioscrypt
External links
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