Acuant, a Los Angeles, CA-based global provider of identity verification solutions, received an investment of undisclosed amount from from Audax Private Equity.
Audax acquired a controlling interest in Acuant from Insight Venture Partners, Lightview Capital and Egis Capital Partners.
The company intends to use the proceeds from the investment to accelerate expansion into new product lines while continuing to innovate within its current product portfolio.
Led by Yossi Zekri, President and CEO, Acuant is an identity verification company providing multi-platform solutions, deployable via web services (cloud), mobile, and desktop applications. Core products include intelligent data capture and auto-fill software, identity document authentication solutions, Chip and e-Passport authentication with PKI, facial recognition software, and expert manual review of documents to ensure the highest level of security.