Acuant
| Company type | Private |
|---|---|
| Industry | Identity verification service |
| Founded | 1999 |
| Founders | Danny and Iuval Hatzav |
| Defunct | 2021 |
| Fate | Acquired |
| Successor | GB Group plc |
| Headquarters | , |
Key people | Yossi Zekri (President & CEO), Stephen Maloney (EVP, Chief Revenue Officer) |
| Services | Multi-channel ID document authentication Fraud prevention |
| Website | www |
Acuant was an American identity verification, document authentication and fraud prevention technology services provider headquartered in Los Angeles. It had engineering and development centers in New Hampshire and Israel. The company was acquired by British GB Group plc (GBG) in 2021 and services were integrated into GBGs offerings.[1]
Products included ID capture and auto-fill software, ID authentication, biometric facial recognition, facial image matching, and CHIP/RFID reading.[2] The company's customers include start-ups, Fortune 500 and FTSE 350 organizations.[3]
Acuant's applications addressed regulations such as AML, KYC, and PII, and were use by organizations in such industries as hospitality,[4] healthcare, automotive, security, and financial services.[5]
History
Acuant was founded by Danny and Iuval Hatzav, as Card Scanning Solutions, in Los Angeles, California, in 1999.[6]
In May 2016, Acuant acquired Assure-Tec Technologies, a provider of identity document authentication and data capture solutions.[7]
In 2017, Acuant acquired Ozone from Mount Airy Group.[8]
In 2018, Audax Private Equity completed an investment in Acuant to support the continued growth initiatives of the company. Audax acquired a controlling interest in Acuant from Insight Venture Partners, Lightview Capital and Egis Capital Partners.[9]
In 2020, Acuant announced the acquisition of the former strategic partner IdentityMind, creator of Trusted Digital Identities.[10]
On November 18, 2021, UK-based GB Group plc announced it was acquiring Acuant for $736 million (£547 million).[11]
See also
References
- ^ "GB Group Acquires Acuant for $736 Million". LA Business Journal. November 29, 2021.
- ^ "Acuant launches facial recognition solution". Planet Biometrics. 2017-02-28. Retrieved 2017-03-10.
- ^ Rabinovich, Paul (2016-10-13). "Identity Proofing Is the Cornerstone of Trust in a Digital Relationship". Gartner. Retrieved 2017-03-10.
- ^ Chang, Ellen (2016-09-15). "Hotels Update Security Slowly for WiFi, Electronic Door Locks". TheStreet. Retrieved 2017-03-10.
- ^ Yurcan, Bryan (2016-08-12). "Don't Ditch SMS, But Change the Way You Use It". American Banker. Retrieved 2017-03-10.
- ^ "Daniel Hatzav". Marketscreener. Retrieved 30 November 2025.
- ^ Seals, Tara (2016-06-06). "Acuant to Expand ID Management with AssureTec Buy". Channel Vision Magazine. Retrieved 2017-03-10.
- ^ "Acuant Acquires Mount Airey Group's Suite of Ozone® Identity Solutions".
- ^ "Audax Buys Controlling Interest in Acuant From Lightview, Insight and Egis". Wall Street Journal. 2018-09-24. ISSN 0099-9660. Retrieved 2020-08-27.
- ^ Acuant. "Acuant and IdentityMind Union Creates a Global Leader in Digital Identity Proofing and Verification". www.prnewswire.com. Retrieved 2020-04-29.
- ^ "Proposed Acquisition and Placing". www.londonstockexchange.com. Archived from the original on 2021-12-03. Retrieved 2021-12-03.