Acuant acquires AssureTec to advance workflow automation

Acuant, has acquired AssureTec Technologies to advance market share in intelligent data capture, advance document authentication and identity verification solutions, the company said.

Acuant is focused on driving revenue through its partner channel, proving advanced workflow automation through mobile technologies and greater return on investment to those businesses using its solution.

Under terms of the deal, Acuant will integrate AssureTec´s intellectual property, capture and authentication patents. AssureTec´s AssureID authentication solution will be combined with Acuant´s technology to deliver capture-to-authentication process for the traditional on-premise solution, as well as a platform for mobile and cloud based ID capture, facial recognition and document authentication.

Steve Maloney, AssureTec CEO, will become executive vice president for business development & strategy at Acuant.

Acuant is a provider of identity management solutions.

Assure-Tec Technologies is a provider of identity document authentication and data capture solutions.