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Tag: L-1 Identity Solutions


The old L-1 has morphed into MorphoTrust

April 6, 2012Martha Entwistle

BILLERICA, Mass.—L-1 Identity Solutions, acquired last year by international conglomerate Safran, has been reorganized and in February was reintroduced as U.S.-focused MorphoTrust.MorphoTrust CEO Bob Eckel told Security Systems News that the company expects to have $400 million in revenue this year and has more than 1,100 employees.L-1, founded by Robert LaPenta, grew by acquiring several biometrics-based companies, beginning in 2005. Since the Safran deal was finalized last August, Eckel has...

Bob Eckel, L-1 Identity Solutions, MorphoTrust, Roberta LaPenta, Safran

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Safran, L-1 merger gets final go-ahead

July 20, 2011SSN Staff

PARIS—Safran has cleared the last hurdle in its acquisition of L-1 Identity Solutions, a Stamford, Conn.-based biometrics company, and expects to close the deal by the end of next week. Final approval came from the Committee on Foreign Investment in the United States, which yesterday notified Safran, based in Paris, that its investigation of the transaction is complete and it found no unresolved national security concerns. With this latest approval behind them, the companies expect to complete...

biometrics, Committee on Foreign Investment, L-1 Identity Solutions, Morpho, Safran

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Safran to buy L-1 for $1.09b cash

September 23, 2010Martha Entwistle

PARIS—Biometric giant L-1 Identity Solutions, which announced in March it was for sale, has a buyer: Safran, based here, announced Sept. 20 that it would acquire L-1 and its biometric and enterprise access solutions, secure credentialing solutions and enrollment services business in a $1.09 billion cash deal. L-1 is separately selling its intelligence services business to British defense contractor BAE Systems for $296 million. Both deals are subject to U.S. regulatory approval. The businesses...

BAE Systems, biometrics, Digimarc, Identix, Jay Beaghan, Jean-Paul Herteman, L-1 Identity Solutions, Morpho, Morpho Detection, Printrak, Robert LaPenta, Safran, Viisage

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