Feeds

Scotch tape maker buys biometric tech firm

Wrap up

Beginner's guide to SSL certificates

Updated Industrial conglomerate 3M has agree to buy biometric security firm Cogent Systems in a deal valued at $943m.

Cogent markets fingerprint, iris and facial biometric technologies to governments and businesses. 3M said its technology will allow it to sell login systems to corporates while its sales team and channel will help its push into the law enforcement marketplace.

"Adding Cogent Systems’ products to our business strengthens our product portfolio and services in high security credential issuance and authentication systems and positions 3M’s business in law enforcement applications," said Mike Delkoski, vice president and general manager of the 3M Security Systems Division. "It also expands our reach into access control and other commercial ID and authentication applications."

3M is offering $10.50 per share for Cogent, an 18 per cent premium on the firm's closing price on Friday. It expects the deal, announced Monday, to close by the end of the year.

Cogent booked $130m in revenue in 2009 and is sitting on cash reserves of $513m.

The acquisition follows less than two weeks after Intel's high-profile $7.7bn deal to buy anti-virus firm McAfee. ®

Updated

CA added further impetus to the recent spree of security software acquisitions with the purchase of Arcot for $200 million in an all-cash deal, announced Monday. Arcot markets fraud-prevention and authentication technology to the financial services industry.

The technology will be added to CA's existing line of identity and access management (IAM) portfolio, bolstering its ambitions to offer enterprises security services from the cloud, as explained in a statement here.

Choosing a cloud hosting partner with confidence

More from The Register

next story
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Hackers thrash Bash Shellshock bug: World races to cover hole
Update your gear now to avoid early attacks hitting the web
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.