Icts International N.V. Announces USD $60 Million Investment Into Abc Technologies B.V., Parent Company of Au10tix Limited

ICTS International N.V. ("ICTS") announced today that TPG has made an investment in ABC Technologies B.V., the holding company for AU10TIX Limited ("AUT10TIX").

The transaction gives AU10TIX a post-money valuation of USD $260 million. The transaction proceeds of USD $60 million, received through the issuance of Preferred Shares, will be used to pay off AU10TIX's debt and accelerate AU10TIX's future global growth initiatives.

AU10TIX is a global cloud-based, machine learning, image processing company. AU10TIX's portfolio of services include: forensic level ID Authentication, Identity Verification, Screening, and Advanced Biometrics. Over the last decade AU10TIX Limited has become the preferred solution for customer onboarding and KYC ("Know Your Customer") automation across a diverse set of industry sectors; such as banking, payments, transportation, travel, and gaming.

This investment demonstrates confidence in AU10TIX management, the company's business model, and its future strategic trajectory.

Goldman Sachs International served as sole placement agent in this transaction.

Icts International N.V. Announces USD $60 Million Investment Into Abc Technologies B.V., Parent Company of Au10tix Limited

Attorneys

Search Lawyers by Last Name