Telos acquisition adds capabilities to its biometric systems
In its first acquisition since going public last year, Telos Corp. has made a deal to enhance its biometrics and digital identity products by adding new intellectual property around contactless biometric readings.
Telos isn’t disclosing financial details of its asset purchase of Diamond Fortress Technologies, but did say the deal includes all patents that will be added to Telos’ intellectual property library.
Ashburn, Virginia-headquartered Telos will integrate Diamond’s Onyx touchless fingerprint software with Telos’ IDTrust360 platform.
The company sees the acquisition as helping it with existing customers as well as new customers in transportation, health care and financial services.
“Enhancing IDTrust360 with ONYX will provide a game-changing licensed technology stack for organizations that are interested in mobile-enabled biometric capture and authentication services,” said John Wood, Telos CEO and chairman.
Onyx is a mobile, touchless biometrics solution that uses a device’s camera to capture the user’s unique fingerprint, enabling fast and easy collection of fingerprint biometrics.
To maintain and expand the Onyx technology, Telos has hired seven current DFT employees including the key patent holders and employees critical to the growth and expansion of that technology.
Posted by Nick Wakeman on Aug 02, 2021 at 10:43 AM