Mitek Extends Leadership Position in Digital Identity Verification by Acquiring A2iA
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: GlobeNewswire
SAN DIEGO and PARIS, May 23, 2018 (GLOBE NEWSWIRE) -- Mitek Systems, Inc. (“Mitek”) (NASDAQ:MITK) (www.miteksystems.com), a global leader in digital identity verification solutions, today announced that it has acquired A2iA, SAS, (“A2iA”), a global leader in artificial intelligence (AI) and image analysis, for €42.5 million in cash and shares of Mitek’s common stock. “The acquisition of A2iA combines two market leaders in image recognition and processing, creating a powerful force with a deep expertise in image analytics,” states industry expert Bob Meara, Senior Analyst at Celent. Mitek software is deployed in 6,100 U.S. banks, including all 10 of the top 10 largest U.S. financial institutions. A2iA’s software is also used by top U.S. banks as well as 100% of U.K. banks, 90% of French banks, 90% of Brazilian banks and more than 75,000 ATMs worldwide. A2iA uses artificial intelligence and machine learning to create proprietary algorithms that process millions of checks, IDs and doc
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MITK
Analyst Actions
- 3/20/24 - HC Wainwright
MITK
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- 3/19/24 - Form 10-K
- 3/19/24 - Form 8-K
- 2/14/24 - Form 8-K
- MITK's page on the SEC website