Green Bit sold to Gemalto
Silverpeak's understanding of the value to a strategic partner led to a stronger negotiating position and an optimal outcome
About our client
Green Bit Biometric Systems (“Green Bit”) developed world leading biometric fingerprint scanners, provided to law enforcement agencies globally.
Green Bit provides targeted scanners specifically for (i) law enforcement, (ii) civil identification and (iii) commercial applications, alongside proprietary software facilitating integration with existing IT systems.
Why they chose us
Silverpeak has a track record of working with complex businesses supplying hardware products, where value is driven by the accompanying software capabilities.
This made us ideal partners to deliver the right acquirers on the best possible terms.
Access to key strategic acquirers across the globe was also important.
How we added value
Silverpeak performed an initial market scan to identify a range of counterparties beyond the usual suspects who operate in this vertical.
Due to the global nature of the business, we had discussions from counterparties both in the East and the West, including China, Japan, US, Israel, South Africa and Europe.
The process with Gemalto was carefully managed, as at the same time Gemalto was going through a takeover by Thales.
The successful outcome
Successful strategic acquisition by Gemalto, as a result of a competitive process run by Silverpeak.
Transaction Summary
Client
Green Bit
Deal Type
Exit
Counterparty
Sector
Software
Amount
Undisclosed
Countries
IT / NL