ActivCard, a provider of smart card and digital identity provisioning products and technology has acquired the American Biometric Company, a privately held, Ottawa, Canada-based company doing business as Ankari.
Under the terms of the agreement, ActivCard has purchased all outstanding shares and stock options of Ankari for US$18 million in cash.
ActivCard plans to integrate Ankari’s authentication, policy management, biometrics and single-sign-on technology with its smart card and digital identity solutions. The combination will result in a standards-based framework for managing multiple authentication methods, including, biometrics, passwords, smart cards and tokens.
A key benefit of the combined system is its ability to enable a customer to bridge and migrate from legacy authentication solutions to a smart card-based, multi-application solution that directly supports a wide range of native authentication credentials.
For example, the system specifically addresses customers’ requirement to migrate away from existing, single function tokens to more flexible authentication methods. Customers can continue using the tokens while, in parallel, deploying the next generation system.
Ankari’s current customer base includes JP Morgan Chase, TD Securities, the Federal Reserve Bank and US and Canadian government departments.