Tuesday, May 26, 2015

Mitek Buys IDchecker

San Diego-based Mitek, a developer of mobile capture and identification systems, said Tuesday that it has acquired Netherlands-based IDchecker, a developer of cloud-based identify and facial recognition software. Mitek said it would pay $10.6M for IDchecker, split between $5.85M in cash and $2.75M in stock, plus up to $2M more in stock in earnout. The company said the buy will expand its product portfolio. IDchecker is based in Haarlem, The Netherlands, and serves the international money transfer, payments, and other financial services companies.

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