News and insight into biometric identification and authentication

AuthenTec, UPEK announce merge

Tuesday, September 7, 2010

Biometric and identity management solution developers AuthenTec and UPEK have announced that the companies have merged under the name AuthenTec resulting in one of the world’s largest provider of fingerprint sensors and identity management software.

The new company is expecting significant opportunities due to its expanded customer footprint, expertise and portfolio of offerings for both new customers as well as existing ones.

Additionally, the new company has made some changes to its board of directors and top executives by naming former AuthenTec COO and President Larry Ciaccia as the new CEO and adding two new directors to the board from UPEK.

As well as the movement of personnel in the merger, the transferring of shares for shareholders of UPEK will result in a 31% ownership of the new company by UPEK’s previous shareholders. [end] 

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