Acuant
 | |
| Company type | Private |
|---|---|
| Industry | Identity Verification Services |
| Founded | 1999 |
| Headquarters | , United States |
Key people | Yossi Zekri, President & CEO Stephen Maloney, EVP, Chief Revenue Officer |
| Services | Multi-channel ID document authentication Fraud prevention |
| Website | www |
Acuant is an identity verification, document authentication and fraud prevention technology services provider headquartered in Los Angeles, with engineering and development centers in New Hampshire and Israel.
Products include ID capture and auto-fill software, ID authentication, biometric facial recognition, facial image matching, and CHIP/RFID reading.[1] The company's partners include start-ups, Fortune 500 and FTSE 350 organizations.[2]
Acuant's applications address regulations such as AML, KYC, and PII, and are in use by organizations in such industries as hospitality,[3] healthcare, automotive, security, and financial services.[4]
Company
[edit]Acuant was founded in 1999 in Los Angeles, California, by Danny and Iuval Hatzav, as Card Scanning Solutions, which was incorporated in 2003 and later rebranded in 2014 as Acuant. Yossi Zekri was named CEO & President in 2008.
In May 2016, Acuant acquired Assure-Tec Technologies,[5] a provider of identity document authentication and data capture solutions.
In 2017, Acuant acquired Ozone® from Mount Airy Group.[6]
In 2018, Audax Private Equity completed an investment in Acuant to support the continued growth initiatives of the company. Audax acquired a controlling interest in Acuant from Insight Venture Partners, Lightview Capital and Egis Capital Partners.[7]
In 2020, Acuant announced the acquisition of the former strategic partner IdentityMind, creator of Trusted Digital Identities.[8]
On November 18, 2021, UK-based GB Group announced it was acquiring Acuant for $736 million (£547 million).[9]
See also
[edit]References
[edit]- ^ "Acuant launches facial recognition solution". Planet Biometrics. 2017-02-28. Retrieved 2017-03-10.
- ^ Rabinovich, Paul (2016-10-13). "Identity Proofing Is the Cornerstone of Trust in a Digital Relationship". Gartner. Retrieved 2017-03-10.
- ^ Chang, Ellen (2016-09-15). "Hotels Update Security Slowly for WiFi, Electronic Door Locks". TheStreet. Retrieved 2017-03-10.
- ^ Yurcan, Bryan (2016-08-12). "Don't Ditch SMS, But Change the Way You Use It". American Banker. Retrieved 2017-03-10.
- ^ Seals, Tara (2016-06-06). "Acuant to Expand ID Management with AssureTec Buy". Channel Vision Magazine. Retrieved 2017-03-10.
- ^ "Acuant Acquires Mount Airey Group's Suite of Ozone® Identity Solutions".
- ^ "Audax Buys Controlling Interest in Acuant From Lightview, Insight and Egis". Wall Street Journal. 2018-09-24. ISSN 0099-9660. Retrieved 2020-08-27.
- ^ Acuant. "Acuant and IdentityMind Union Creates a Global Leader in Digital Identity Proofing and Verification". www.prnewswire.com. Retrieved 2020-04-29.
- ^ "Proposed Acquisition and Placing". www.londonstockexchange.com. Archived from the original on 2021-12-03. Retrieved 2021-12-03.