Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Wednesday, August 30, 2006

Viisage and Identix Transform Into L-1 Identity

We have now seen the formal merger of Viisage (ex-VISG) and Indentix (IDNX) completed and the two companies have formed L-1 Identity Solutions, Inc. (ID-NYSE). This will be one of the leading homeland security and ID management pure-play stocks in the sector.

The portfolio of L-1 Identity Solutions companies - Viisage and Identix, together with Integrated Biometric Technology, SecuriMetrics, Inc., and Iridian Technologies, Inc. - offers the most comprehensive and technologically-advanced set of solutions for protecting and securing personal identities and assets. The companies have a combined 20-year history of trust and reliability in the private and public sector gained by solving the toughest problems associated with credentialing and managing human identity.

Based on Viisage's closing price on Monday, August 28, 2006, L-1 Identity Solutions has an aggregate market cap of approximately $1.1 billion. The Company offered guidance of fourth quarter revenue of approximately $60 million and Adjusted EBITDA of $15-$17 million.

ID shares are up 2.1% at $15.24 on about 145,000 shares late morning.

Jon C. Ogg
August 30, 2006
 Subscribe

Powered by Blogger