Mooreland Continues Deal Momentum in Enterprise Software and Security
NEW YORK – October 27, 2016 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to AGNITiO on its sale to Nuance Communications (Nasdaq: NUAN). The sale of AGNITiO further strengthens Mooreland Partners’ position as a leading global M&A advisor on transatlantic, strategic transactions in the Enterprise Software and Security technology segments. For AGNITiO, it represents its second transaction, having sold its Mobile Biometrics Business to Cirrus Logic in July 2015, which Mooreland also advised on.
Headquartered in Madrid, Spain, AGNITiO is a leading provider of voice biometrics solutions used for identification, authentication, verification and fraud prevention. The Company offers a comprehensive suite of voice biometrics products and solutions that allow users to perform superior speaker identification and precise ID verification functions for government, financial services and call center applications. At the core of AGNITiO’s product suite is an ultra-fast proprietary speaker recognition software engine that filters voice characteristics, creating a unique “voiceprint.”
This acquisition marks another milestone in the user authentication market as software-based voice biometrics continues to be recognized as one of the most efficient and accurate authentication methods enabling organizations to definitively identify specific individuals through non-contact, non-intrusive authentication by establishing a unique “voiceprint.”
“Voice biometrics is continuing to be recognized as the de-facto standard in identifying and authenticating people for high value applications,” said Victor Garcia, Managing Director at Mooreland.