Contact Information: CONTACT: Jay Beaghan (310) 246-3716
Imperial Capital, LLC Advises Digimarc on the Acquisition of Its Identity Solutions Business by L-1 Identity Solutions, Inc.
Noteworthy Transaction Adds Significantly to L-1 as a Leading Identity Solutions Provider While Creatively Enabling Digimarc Shareholders to Retain the Digital Watermarking Business in Addition to $310M in Cash Consideration
| Source: Imperial Capital, LLC
LOS ANGELES, CA--(Marketwire - August 5, 2008) - Digimarc Corporation announced on Monday,
August 4, 2008 the spin-off of its Watermarking Business and the successful
tender of the initial offering period for the purchase of its Secure ID
Business by L-1 Identity Solutions, Inc. Prior to the transaction,
Digimarc was a leading supplier of secure identity solutions, providing
products and services that enabled the annual production of more than 60
million personal identification documents, including ID solutions for more
than 25 countries. Imperial Capital acted as financial advisor to Digimarc
Corporation. Jay Beaghan, Managing Director within Imperial's Investment
Banking Security Team, led the engagement.
L-1 Identity Solutions, Inc., together with its portfolio companies, offers
a comprehensive set of products and solutions for protecting and securing
personal identities and assets. Leveraging the industry's most advanced
multi-modal biometric platform for finger, face and iris recognition, its
solutions provide a circle of trust around all aspects of an identity and
the credentials assigned to it -- including proofing, enrollment, issuance
and usage. With the trust and confidence in individual identities provided
by L-1 Identity Solutions, government entities, law enforcement and boarder
management agencies, and commercial enterprises can better guard the public
against global terrorism, crime and identity theft fostered by fraudulent
identity.
Digimarc Corporation, based in Beaverton, Oregon, remains a leading
innovator and technology provider, enabling businesses and governments
worldwide to enrich media content by giving persistent digital identities
to all forms of media and objects. The company's technology is an
essential component of solutions for enhancing traffic safety and national
security, deterring fraud, counterfeiting and piracy, and enabling new
digital media distribution and monetization models that provide consumers
with more choice and access to content when, where and how they want it.
Digimarc licenses its intellectual property to business partners across a
range of industries, delivers solutions for protecting and managing digital
images, and offers professional development services to bring strategic
initiatives to market.
Headquartered in Los Angeles, California, and with offices in New York and
San Francisco, Imperial Capital, LLC is a full-service investment bank
focused on providing transaction advisory services to the security and
security-related products industries.
For more information on Imperial Capital, LLC, please visit:
www.imperialcapital.com
For more information on L-1 Identity Solutions, Inc., please visit:
www.l1id.com
For more information on Digimarc Corporation, please visit:
www.digimarc.com