Acuant Acquires AssureTec Creating the Market Leader in Data Capture and Identity Verification Technology

 

LOS ANGELES, June 6, 2016 /PRNewswire/ — Acuant, the leading provider of identity management solutions, today announced the acquisition of AssureTec Technologies, a leading provider of identity document authentication and data capture solutions. Following the transaction, Acuant will become the market leader for intelligent data capture, advanced document authentication and identity verification solutions. Acuant is focused on driving revenue through its partner channel, proving advanced workflow automation through mobile technologies and greater return on investment to those businesses using its solution.

Under terms of the deal, Acuant will integrate AssureTec’s intellectual property, capture and authentication patents. AssureTec’s industry leading AssureID authentication solution will be combined with Acuant’s proprietary technology to deliver the most comprehensive capture-to-authentication process for the traditional on premise solution, as well as a complete platform for mobile and cloud based ID capture, facial recognition and document authentication.”The addition of AssureTec Technologies adds scale, breadth, depth and capabilities that drive growth, profitability and innovation. This acquisition accelerates our mission to become the world’s most trusted source of credential proofing solutions, providing document authentication and mobile workflow automation for transaction dependent stakeholders,” said Yossi Zekri, Acuant Chief Executive Officer. “We are excited to integrate AssureTec to strengthen our global product offering with greater ability to scale the business and provide the market with proven and reliable solutions in digital verification.”

Steve Maloney, AssureTec CEO, will become Executive Vice President for Business Development & Strategy at Acuant.

“AssureTec has found the right partner in Acuant to significantly expand our leadership position in credential authentication and enhanced data capture,” said Maloney. “We look forward to providing our clients with the industry’s most comprehensive identity management and verification solution, and our employees with a wonderful opportunity for professional growth.”

As a result of this deal, Acuant will add end users in both government and commercial markets including healthcare, finance, border security, retail and regulatory compliance. The company has a significant partner network around the world with customers in over 100 countries as well as the industry’s largest document library. The integration of both companies results in twenty years of combined operating experience, from desktop and to the cloud.

Acuant is headquartered in Los Angeles, CA, with technical development, engineering and new technology centers operating globally.

About Acuant

Acuant’s patented intelligent data capture, advanced document authentication and identity verification technologies provide a comprehensive suite of solutions. Utilizing proprietary technology and the industry’s largest document library, Acuant verifies identity credentials issued from over 100 countries and transforms data into useful and insightful information to optimize company workflows.

A multi-platform solution, Acuant empowers businesses globally giving them the freedom to work on any device, in the cloud or locally. Acuant solutions easily integrate into any environment; customers include start-ups, Fortune 500 and FTSE 350 organizations in the financial services, healthcare, automotive, hospitality and security sectors.

For more information, please visit acuantcorp.com.

PR Contact:
Mike Gallo
Gutenberg Communications for Acuant Corp
212-239-8594
acuant@gutenbergpr.com

Acuant Launches Cloud-Based Identity Verification Offerings

Company automates information capture and validation of customer information for improved security and efficiency

 

Los Angeles, CA, March 31, 2015 – Acuant, the leading provider of credential management solutions, announced today a significant addition to its idScan® solution with the launch of cloud-based identity verification offerings. The new offerings enable companies to capture and verify a customer’s identity and critical personal information, to improve the efficiency, security, and quality of customer interactions.

Acuant’s idScan® solution allows users to easily capture data from identity documents such as driver’s licenses, passports and medical insurance cards. The information is processed in the cloud and the data is then populated into an integrated 3rd party system. This process helps to improve customer onboarding and registration processes.

The new verification offerings respond to escalating security threats and vulnerabilities across industries, making identity management a core element of cyber defense. This also allows Acuant’s partners to fully automate and maximize ongoing customer data management to optimize performance at every point, right from the start of the process.

“Our new cloud-based identity verification offering helps companies take information capture and verification to the next level by quickly verifying a customer’s identity and critical information to ensure its accuracy and to protect against fraud,” said Yossi Zekri, President & CEO of Acuant. “These new capabilities will enable our customers to extract critical information from an ID in seconds, significantly improving the customer experience. ID verification is trending toward a fully automated process and we look forward to equipping our customers with the tools they need to capture and verify information so they can focus entirely on serving their customer.”

About Acuant:

Acuant’s award-winning and patented credential management solutions automate the intake, processing and verification of unstructured data from ID documents. Leveraging virtually any device, our solutions transform this data into useful and insightful information – whether in the cloud or locally – which is used in critical business applications.

PR Contact:
Mike Gallo
Gutenberg Communications for Acuant Corp
212-239-8594
acuant@gutenbergpr.com
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