IBG was founded 15 years ago and provides identity intelligence services to government and commercial clients.
Within the biometric identity domain, IBG has expertise in areas such as fingerprint, face and iris recognition, as well as counter-spoofing and non-cooperative collection.
The company has also developed analysis platforms and technology databases, which complement its identity intelligence services and deliver capabilities and insights to customers.
“In welcoming IBG to the Novetta family, we gain a new set of strategically significant capabilities and technical solutions in the emerging field of identity intelligence, the nexus of biometrics and virtual identity management,” said Novetta CEO Peter LaMontagne.
Michael Lustbader, a partner at Arlington Capital, added, “We are committed to building Novetta into a world class national security company focused on providing transformational solutions and proprietary technology that address the country’s most significant mission priorities.
Following the acquisition, IBG will be known as IBG, A Novetta Solutions Company, and will continue to be led by Raj Nanavati and Samir Nanavati.
Financial terms of the deal were not disclosed.
Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting to the company.
Copyright © 2012 AltAssets