Viisage Acquires Imaging Automation
October 22, 2004
Viisage acquired Imaging Automation (iA), a Bedford, New Hampshire–based provider of document scanning and authentication hardware and software, in a transaction valued at approximately $5 million in cash plus 3.9 million shares and assumption of $2.9 million of debt. The deal expands Viisage’s identity-document authentication capabilities and global installed base and is expected to be accretive to EBITDA, cash flow and EPS in 2005.
- Buyers
- Viisage
- Targets
- Imaging Automation
- Industry
- Cybersecurity
- Location
- New Hampshire, United States
- Transaction Type
- Buyout
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