PE firm creates payments, digital ID testing giant with Fime, UL acquisitions

Fime has been acquired by U.S.-based private equity firm Gallant Capital Partners, along with the payments testing business of UL Solutions, and the two will be merged into a biometrics and digital ID consulting and testing giant under the Fime brand.

The combined entity will focus on consulting and testing for payments, smart mobility and digital ID, according to a company announcement.

Fime expanded its portfolio of biometrics testing services with NIST NVLAP accreditation late last year. The company …

acquisitions biometric payments biometric r&d biometrics biometrics news biometric testing brand business capital consulting digital digital id equity fime focus gallant capital partners giant partners payments private private equity solutions testing trade notes ul under