News and insight into biometric identification and authentication

Assa Abloy AB Acquisition News

Tuesday, July 3, 2007

Assa Abloy AB said it has acquired the Irish RFID firm Aontec Teoranta for an undisclosed sum, according to a news report from Thompson Financial posted to Forbes.com.

Assa Abloy reportedly said Aontec Teoranta is one of the world’s largest suppliers of RFID inlays for electronic passports, mainly to European passport printers and security integrators. [end] 

ASSA ABLOY Future Labs’ Derek Scheips argues for voice recognition in physical access systems citing the technology’s appeal with users, according to a Source Security article. A Unisys-sponsored survey suggests voice recognition has the highest acceptance among biometric modes followed by fingerprints and hand geometry. From this, inferences are made pointing towards convenience and familiarity driving the consumer preferences.

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Airports in Barcelona and Madrid in Spain have installed self-service kiosks available for use by holders of Spanish citizen ID cards or European Community electronic passports, according to a Pro Security Zone article.

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3M and Cogent Inc. announced that they have entered into a agreement for 3M’s acquisition of Cogent Inc. for approximately $943 million, or $10.50 per share.

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Bret Tobey, product manager for Intelligent Openings Business Development at ASSA ABLOY Americas, talks about a new set of locks he calls “near online.” These locks are similar to off-line locks of the past except they include some network components that remove some of the manual tasks associated with some older off-line locks.

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Wireless chip maker Broadcom is buying out Innovision Research & Technology for $47.5 million, according to businessweek.com.

Broadcom has reportedly acquired the short-range data communications company specifically for its NFC products and technology.

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Actis, a private equity investor in emerging markets, has announced the 100% management buy-out of Mediterranean Smart Cards Company (MSCC), one of Africa’s leading electronic payment processors.

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