Cogent Systems

Cogent Systems, Inc.
Subsidiary
Industry Security
Fate

Acquired by 3M Corporation August 30, 2010.

Acquired by Gemalto December 9, 2016 as part of 3M's Identity Management Business acquisition.
Founded 1990 (1990)
Defunct December 2010 (2010-12)[1]
Headquarters

South Pasadena, California U.S.

Moved to Pasadena, CA June 2006.
Key people
 Ming Hsieh (Co-founder, CEO, President, and Chairman)
Paul Kim (CFO)
Products Biometric Identification Systems (Fingerprint, Iris, Facial Recognition)
Services Biometric Identification
Revenue US$125,680,000 Million (2008)[2]
US$53,070,000 (2008)[3]
US$45,180,000 (2008)[3]
Total assets US$620,130,000 (2008)[3]
Total equity US$519,470,000 (2008)[3]
Number of employees
 365 (December 2008)[3]
Parent

3M (as of August 30, 2010)

Gemalto (as of December 9, 2016)
Website www.cogentsystems.com

Cogent Systems, Inc. is a manufacturer of automated fingerprint identification systems (AFIS).

On January 20, 2006, the City of Pasadena (CA) announces Cogent Systems' impending relocation from South Pasadena to Pasadena.[4]

On August 30, 2010 3M announced they acquired Cogent Systems for $943M.[5]

On September 2, 2010, Steven Davidoff Solomon of the New York Times wrote about three of Cogent's shareholders objecting to what they considered 3M's low purchase offer.[6]

On December 9, 2016, Gemalto announced they have purchased 3M's Identity Management Business (which includes Cogent Systems, Inc., Document Reader, and Secure Materials Business) for US$850 million.[7]

On May 1, 2017, 3M announces completing sale of its Identity Management Business to Gemalto.[8]

References

  1. ↑ "2010 Annual Report" (PDF). 3M. Retrieved 11 March 2012.
  2. ↑ "Cogent Systems Announces Fourth Quarter and Full Year 2008 Financial Results". Reuters. Feb 25, 2009. Retrieved 3 March 2009.
  3. 1 2 3 4 5 "COGT - Cogent, Inc. - Google Finance". Google Finance. Retrieved 2009-03-24.
  4. ↑ Pasadena, City of. "STATE OF THE CITY – JANUARY 20, 2006 – City of Pasadena | Mayor & City Council". ww5.cityofpasadena.net. Retrieved 2017-06-13.
  5. ↑ Sayer, Peter (30 August 2010). "3M Offers $943M for Biometric Security Vendor Cogent Systems". PC World. Retrieved 16 February 2013.
  6. ↑ Solomon, Steven Davidoff. "The Strangeness of 3M's Cogent Deal". DealBook. Retrieved 2017-06-13.
  7. ↑ "Gemalto to acquire 3M's Identity Management Business". www.gemalto.com. December 9, 2016. Retrieved 2017-06-13.
  8. ↑ "3M Completes Sale of Its Identity Management Business | 3M News | United States". news.3m.com. Retrieved 2017-06-13.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.