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Deal team

Delta ID

Piper Sandler served as exclusive financial advisor to Delta ID on its $120 million sale to Fingerprint Cards AB.

Client Description

Delta ID develops biometric identity and authentication software solutions based on iris recognition technology. Delta ID's ActiveIRIS™ software is the world's first and only iris recognition solution for mobile phones, PCs, tablets and vehicles. The ActiveIRIS™ solution is also certified for use with Aadhaar, the world's largest biometric identity system. Aadhaar is implemented by the Indian government and has about 1.2 billion users. Delta ID was founded in 2011 and is headquartered in Newark, California.

Counterparty Description

Fingerprint Cards AB (OM: FING B) develops, produces and markets biometric systems and technologies that verify a person's identity through the analysis and matching of an individual's unique fingerprint. Fingerprint Cards is publicly traded on the Nasdaq Nordic Market and has a market cap of approximately $2 billion. Fingerprint Cards AB was founded in 1997 and is headquartered in Gothenburg, Sweden.