Cross Match Technologies, Inc., a Palm Beach Gardens provider of biometric identity management systems, applications, and services, has been acquired by Francisco Partners. Financial terms of the transaction were not were disclosed. Keith Geeslin, a partner at Francisco Partners, a technology-focused private equity firm, said “biometric technology is growing in importance, and Cross Match, with its strong management team and quality brand, is in an excellent position to capitalize on this growth.” Cross Match, founded in 1996 as Cross Check Corporation, manufactures a wide range of multimodal biometric solutions which are used to capture and process the unique physiological characteristics of individuals to verify their identities. Its products include multiple biometric technologies capable of wireless, mobile or stationary use that encompass fingerprint, palm and full-hand scanners, facial capture systems, iris scanning technology, document readers, biometric software, and related services. Read more here.
