L-1 Identity Solutions

L-1 Identity Solutions, Inc.
Type Public (NASDAQ: ID)
Predecessor Viisage Technology, Inc. and Identix Incorporated
Founded August 29, 2006
Headquarters Stamford, Connecticut, U.S.
Owner(s) British firm BAE Systems recently acquired L-1 Identity Solutions' U.S. counter-terrorism business.
Employees 2,264 (Dec 08)

L-1 Identity Solutions, Inc. (NYSE: ID) is a large American defense contractor in Connecticut.[1] It was formed on August 29, 2006, from a merger of Viisage Technology, Inc. and Identix Incorporated. It specializes in selling face recognition systems, electronic passports[2] such as Fly Clear,[3] and other biometric technology to governments such as the United States and Saudi Arabia. It also licenses technology to other companies internationally, including China.

On July 26th 2011, Safran (NYSE Euronext Paris: SAF) acquired L-1 Identity Solutions, Inc. for a total cash amount of USD 1.09 billion.[4]

References

  1. ^ Klein, Naomi (2008). "China's All-Seeing Eye". Rolling Stone. http://www.rollingstone.com/politics/story/20797485/chinas_allseeing_eye/. "L-1 projects its annual revenues will hit $1 billion by 2011, much of it from U.S. government contracts." 
  2. ^ Gertz, Bill (16-05-2008). "Passport cards called security vulnerability". The Washington Times. http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080516/NATION/662238118/1001. "The agency has contracted with L-1 Identity Solutions Inc. to produce electronic-passport cards as a substitute for booklet passports for use by Americans who travel frequently by road or sea to Canada, Mexico and the Caribbean." 
  3. ^ Business Wire (April 17, 2007). "L-1 Identity Solutions Joins Clear® Team to Lead All Airport Deployments for Nation's Leading Registered Traveler Program; ARINC to Continue Program Support". ir.l1id.com. http://ir.l1id.com/releasedetail.cfm?ReleaseID=238239. Retrieved 6 October 2010. 
  4. ^ Safran Group (July 26, 2011). "Safran Morpho acquires L-1 Identity Solutions to be global leader in biometrics". www.morpho.com. http://www.morpho.com/evenements-et-actualites-348/presse/safran-completes-the-acquisition-of-l-1-identity-solutions-becomes-world-leader-in-biometric-identity-solutions. Retrieved 10 August 2011. 

External links