Biometrics firms merge

Biometrics solutions providers Identix Inc., Los Gatos, Calif., and Visionics Corp., Jersey City N.J., have agreed to merge in a $600 million stock transaction. Visionics shareholders will receive 1.3 shares of Identix common stock for each share of Visionics common stock.

Both companies will keep their office locations. Visionics' chairman and chief executive officer Joseph Atick will serve as CEO of the new enterprise. Identix' chairman and CEO Robert McCashin will serve as chairman.

The name and headquarters location of the newly combined company have not yet been decided, according to a company spokesperson.