Cogent Systems
| Company type | Subsidiary |
|---|---|
| Industry | Security |
| Founded | 1990 |
| Defunct | December 2010[1] |
| Fate | Acquired by 3M Corporation August 30, 2010. Acquired by Gemalto December 9, 2016 as part of 3M's Identity Management Business acquisition. |
| Headquarters | South Pasadena, California U.S. Moved to Pasadena, CA June 2006. |
Key people | Ming Hsieh (Co-founder, CEO, President, and Chairman) Paul Kim (CFO) |
| Products | Biometric Identification Systems (Fingerprint, Iris, Facial Recognition) |
| Services | Biometric Identification |
| Revenue | US$125,680,000 Million (2008)[2] |
| US$53,070,000 (2008)[3] | |
| US$45,180,000 (2008)[3] | |
| Total assets | US$620,130,000 (2008)[3] |
| Total equity | US$519,470,000 (2008)[3] |
Number of employees | 365 (December 2008)[3] |
| Parent | 3M (as of August 30, 2010) Gemalto (as of December 9, 2016) |
| Website | www |
Cogent Systems, Inc. is a manufacturer of automated fingerprint identification systems (AFIS).
On January 20, 2006, the City of Pasadena (CA) announces Cogent Systems' impending relocation from South Pasadena to Pasadena.[4]
On August 30, 2010 3M announced they acquired Cogent Systems for $943M.[5]
On September 2, 2010, Steven Davidoff Solomon of the New York Times wrote about three of Cogent's shareholders objecting to what they considered 3M's low purchase offer.[6]
On December 9, 2016, Gemalto announced they have purchased 3M's Identity Management Business (which includes Cogent Systems, Inc., Document Reader, and Secure Materials Business) for US$850 million.[7]
On May 1, 2017, 3M announces completing sale of its Identity Management Business to Gemalto.[8]
References
- ^ "2010 Annual Report" (PDF). 3M. Retrieved 11 March 2012.
- ^ "Cogent Systems Announces Fourth Quarter and Full Year 2008 Financial Results". Reuters. Feb 25, 2009. Retrieved 3 March 2009.
- ^ a b c d e "COGT - Cogent, Inc. - Google Finance". Google Finance. Retrieved 2009-03-24.
- ^ Pasadena, City of. "STATE OF THE CITY – JANUARY 20, 2006 – City of Pasadena | Mayor & City Council". ww5.cityofpasadena.net. Retrieved 2017-06-13.[permanent dead link]
- ^ Sayer, Peter (30 August 2010). "3M Offers $943M for Biometric Security Vendor Cogent Systems". PC World. Retrieved 16 February 2013.
- ^ Solomon, Steven Davidoff. "The Strangeness of 3M's Cogent Deal". DealBook. Retrieved 2017-06-13.
- ^ "Gemalto to acquire 3M's Identity Management Business". www.gemalto.com. December 9, 2016. Retrieved 2017-06-13.
- ^ "3M Completes Sale of Its Identity Management Business | 3M News | United States". news.3m.com. Retrieved 2017-06-13.
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