Feb. 7, 2024, 12:26 a.m. | Stephen Mayhew

Biometric Update www.biometricupdate.com

Biometric identity verification firm Onfido is being acquired by Entrust at a value “well above” $400M, according to TechCrunch . Reuters says the company could be valued around $650M.

TechCrunch reports the news has been confirmed although no completion date has been announced as the deal needs to go through regulatory approvals. “As we bring Onfido together with Entrust, we’re going to have a leadership position pretty much across that identity lifecycle,” says Entrust CEO and president Todd Wilkinson.

“We’re …

acquisitions biometric biometrics biometrics news deal entrust identity identity verification mobile biometrics onfido regulatory reports reuters techcrunch the company trade notes value verification

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