Mooreland Partners Advises DigitalPersona, Inc. on its Sale to Francisco Partners and portfolio company, Cross Match Technologies, Inc.
Redwood City, CA — April 21, 2014 – Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to DigitalPersona, Inc. (“DigitalPersona”) on its sale to Francisco Partners and its portfolio company, Cross Match Technologies.
DigitalPersona, headquartered in Redwood City, California, offers the world’s broadest portfolio of biometrics-based identity verification solutions. Applications range from highly secure banking environments and complex government identity programs to point-of-sale retail systems. The Company’s solutions verify the identity of more than 200 million authorized users worldwide and significantly reduce the risk of fraud, theft and unauthorized access. With more than 300 employees, the combined company will have an extensive network of partners and millions of users relying on its solutions worldwide, with a strong global presence in the government, financial, retail, defense, law enforcement and corporate markets.
Francisco Partners is a global private equity firm managing approximately $7 billion with investments in more than 100 technology companies. Francisco Partners acquired a majority stake in Cross Match Technologies in 2012. Cross Match is a leading innovator and provider of biometric identity management solutions to governments, law enforcement agencies and businesses globally.
The sale of DigitalPersona marks the seventh publicly announced transaction advised by Mooreland since the beginning of 2014, further strengthening Mooreland’s leading position as an M&A advisor to enterprise software and security companies.