News and insight into biometric identification and authentication

Avalon to acquire biometric company WSA with GSA contracts

Friday, August 8, 2008

Software, manufacturing and security technology developer, Avalon Technology Group, has agreed to purchase biometric and security company Worldwide Security Acquisitions (WSA) for $1 million plus future payments based on revenue from the acquisition. Avalon will be changing the name of WSA to Avalon Biometric Solutions as they become a complete subsidy of Avalon.

Included in the purchase of WSA are all of its software that is awaiting FIPS certification and some patents that have been submitted recently. [end] 

Stanley Inc. has been awarded two contracts from the U.S. Army totally $7.9 million, according to a Washington Business Journal article.

The contracts stipulate Stanley support programs out of the Army Intelligence Center Language Technology Office in Arizona intended to develop biometric and forensic systems and to work on the Detainee Information Management System, a systems that tracks detainees while in custody, and the Multilingual Automate Registration System, a system designed to enroll detainee’s biometric information via multilingual interfaces.

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CA Technologies announces the purchase of Arcot Systems Inc. in an all-cash transaction of $200 million. The authentication and fraud detection software company is said to prevent fraudulent transactions for close to a million online credit transactions daily.

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Dafoe Corp. has signed a letter of intent to acquire 100% of Agkha Intelli-Tec, a Dubai-based RFID and digital security solutions provider, in exchange for approximately 59% ownership of Dafoe Corp.

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Broadcom has agreed to terms with the board of Innovision Research & Technology PLC to make an offer to acquire all shares of Innovision, a provider of NFC technology. Under the terms of the all-cash offer, Innovision shareholders will receive approximately $0.52 per share in cash, which represents a total equity value of approximately $47.5 million based on current exchange rates. Broadcom expects to close the acquisition of Innovision in the third quarter of 2010.  

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Centro, the Integrated Transport Authority for the West Midlands, UK, is inviting local authorities and bus operators to join a framework mechanism intended to drive down the cost of procuring smart cards for public transit systems, according to transportxtra.com.

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A 24 Hour Fitness gym in San Francisco has moved from traditional ID cards to a biometric and PIN number system for entry into the facility. This change has been met with mixed reactions from members, according to an ABC 7 San Francisco article.

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