Cogent Systems

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Cogent Systems, Inc.
Subsidiary
IndustrySecurity
FateAcquired by 3M Corporation August 30, 2010. Acquired by Gemalto December 9, 2016 as part of 3M's Identity Management Business acquisition.
Founded1990 (1990)
DefunctDecember 2010 (2010-12)[1]
HeadquartersSouth Pasadena, California U.S. Moved to Pasadena, CA June 2006.
Key people
Ming Hsieh (Co-founder, CEO, President, and Chairman)
Paul Kim (CFO)
ProductsBiometric Identification Systems (Fingerprint, Iris, Facial Recognition)
ServicesBiometric Identification
RevenueUS$125,680,000 Million (2008)[2]
US$53,070,000 (2008)[3]
US$45,180,000 (2008)[3]
Total assetsUS$620,130,000 (2008)[3]
Total equityUS$519,470,000 (2008)[3]
Number of employees
365 (December 2008)[3]
Parent3M (as of August 30, 2010) Gemalto (as of December 9, 2016)
Websitewww.cogentsystems.com

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[edit]

  1. ^ "2010 Annual Report" (PDF). 3M. Retrieved 11 March 2012.
  2. ^ "Cogent Systems Announces Fourth Quarter and Full Year 2008 Financial Results". Reuters. Feb 25, 2009. Retrieved 3 March 2009.
  3. ^ a b c d e "COGT - Cogent, Inc. - Google Finance". Google Finance. Retrieved 2009-03-24.
  4. ^ Pasadena, City of. "STATE OF THE CITY – JANUARY 20, 2006 – City of Pasadena | Mayor & City Council". ww5.cityofpasadena.net. Retrieved 2017-06-13.
  5. ^ Sayer, Peter (30 August 2010). "3M Offers $943M for Biometric Security Vendor Cogent Systems". PC World. Retrieved 16 February 2013.
  6. ^ Solomon, Steven Davidoff. "The Strangeness of 3M's Cogent Deal". DealBook. Retrieved 2017-06-13.
  7. ^ "Gemalto to acquire 3M's Identity Management Business". www.gemalto.com. December 9, 2016. Retrieved 2017-06-13.
  8. ^ "3M Completes Sale of Its Identity Management Business | 3M News | United States". news.3m.com. Retrieved 2017-06-13.

External links[edit]