Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

AuthenTec acquires software assets of EzValidation

Monday, April 21, 2008

Melbourne, Fla.-based AuthenTec has acquired the software assets of EzValidation, formerly a California-based provider of fingerprint sensor authentication and user interface software.

AuthenTec acquired the portfolio of EzValidation software, including its EzPassport fingerprint authentication software. This asset purchase is being recorded as in-process R&D and will be dilutive to AuthenTec’s first quarter earnings per share by $0.01 per share. The first offering of a bundled software solution from AuthenTec, which includes key features of EzPassport, is expected to be available in the third quarter of 2008. [end] 

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