Pangiam Acquires Facial Recognition System Developed By Airport Authority

摘要

Pangiam, a portfolio company of the private equity firm AE Industrial Partners (AEI), last Friday said it acquired an integrated facial recognition system from a Washington, D.C.-area airport authority that developed the system several years ago to meet Department of Homeland Security requirements to use biometrics to verify the departure of foreign nationals from the U.S. in accordance with their visa terms. The value of the deal wasn't disclosed. Pangiam was formed last fall by AEI through the acquisitions of Linkware and PRE. This is the first acquisition by Pangiam, which is based in Alexandria, Va. The facial recognition system and acquired by Pangiam, veriScan, is used by some airports and airlines to record the departure of foreign nationals and U.S. citizens at the boarding gate on international flights leaving the U.S. U.S. citizens have the option to opt-out as the law requiring use of a biometric exit system only applies to foreign nationals. VeriScan was developed and marketed by the Metropolitan Washington Airports Authority. The live photo taken at a boarding gate is compared to a small gallery of photos the DHS Customs and Border Protection agency maintains in the Traveler Verification Service for international flights during a certain day with match rates of about 98 percent.