Sept 20 (Reuters) - A renewed interest in surveillance and intelligence is driving deal activity among companies that make biometric identification devices. [ID:nN10258392]
On Monday, face-recognition software maker L-1 Identity Solutions ID.N agreed to be sold in parts to two top European defence firms - French group Safran (SAF.PA) and British defence company BAE Systems (BAES.L). [ID:nLDE68I0KJ]
Here are some facts on biometric identification, its uses, some of the big players in the market and recent deals.
- the use of physical or behavioural characteristics unique to an individual -- such as a finger or palm print, iris pattern or face image -- to identify people
- The use of biometrics is spreading quickly due to growing security fears
- Privacy concerns, especially over full body scanners, have posed a barrier to their adoption in some markets
- Law enforcement agencies: For efficient criminal booking and processing, identification of potential suspects
- Military services: Verification and identification of military personnel and contractors, hostile persons
Commercial enterprises use biometric identification to identify threat, fraud and other security risks.
Some markets include:
- Financial services firms: To protect client records, authenticate ID documents
- Casinos and gaming companies: For background checks, surveillance to identify known card counters and cheats
- Healthcare organizations: To help preserve patient privacy and confidentiality of records
- Utilities: To protect sensitive infrastructure
- Others: Transportation, education, hospitality, retail WHO ARE THE PLAYERS IN THE MARKET?
- U.S. companies L-1 Identity and AuthenTec AUTH.O
- Private companies such as EgisTec, UPEK Inc, Validity Sensors and Cross Match Technologies
- Japanese electronics conglomerate NEC Corp (6701.T)
- French group Safran
- Safran, BAE to split security firm L-1