{"id":521288,"date":"2021-08-02T09:02:27","date_gmt":"2021-08-02T13:02:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/telos-corporation-expands-into-touchless-fingerprinting-capability-with-acquisition-of-diamond-fortress-technologies\/"},"modified":"2021-08-02T09:02:27","modified_gmt":"2021-08-02T13:02:27","slug":"telos-corporation-expands-into-touchless-fingerprinting-capability-with-acquisition-of-diamond-fortress-technologies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/telos-corporation-expands-into-touchless-fingerprinting-capability-with-acquisition-of-diamond-fortress-technologies\/","title":{"rendered":"Telos Corporation Expands Into Touchless Fingerprinting Capability with Acquisition of Diamond Fortress Technologies"},"content":{"rendered":"

\nAcquisition enables Telos\u2019 IDTrust360 to streamline identity and background check processes for organizations and consumers
\n<\/h2>\n
\n

ASHBURN, Va., Aug. 02, 2021 (GLOBE NEWSWIRE) — Telos\u00ae<\/sup> Corporation<\/a> (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world\u2019s most security-conscious organizations, announced today that it has acquired the assets of Diamond Fortress Technologies<\/a> (DFT), including all patents, and will integrate the ONYX\u00ae<\/sup> touchless fingerprinting software with Telos\u2019 IDTrust360\u00ae<\/sup><\/a> platform.<\/p>\n

The acquisition adds several new patents to Telos\u2019 library of biometric and digital identity intellectual property. The addition of contactless biometrics technology will enable Telos to better serve the needs of organizations in existing and new markets, including transportation, healthcare and financial services. This acquisition solidifies Telos\u2019 position in an expanding market, with contactless biometrics technology expected to grow<\/a> from approximately $7 billion in 2019 at a CAGR of 20% from 2020 to 2027.<\/p>\n

\u201cEnhancing IDTrust360 with ONYX will provide a game-changing licensed technology stack for organizations that are interested in mobile-enabled biometric capture and authentication services,\u201d said John Wood, CEO and chairman, Telos. \u201cWe believe the acquisition of this patented touchless fingerprinting technology will allow us to eliminate much of the friction involved in biometrics data gathering for identity and access management and to better serve our growing customer base at both the enterprise and consumer levels.\u201d<\/p>\n

\n ONYX<\/a> is a mobile, touchless biometrics solution that leverages a device\u2019s camera to capture the user\u2019s unique fingerprint, enabling fast and easy collection of fingerprint biometrics. To maintain and expand the ONYX technology, Telos has hired seven current DFT employees, including the key patent holders and employees critical to the growth and expansion of this technology.<\/p>\n

Terms of the transaction were not disclosed, and there is no change to Telos\u2019 2021 financial guidance as a result of the acquisition.<\/p>\n

For more information about Telos identity solutions and services, visit: www.telos.com\/identity<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
This press release contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws and which involve risks and uncertainties. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including without limitation the risks and uncertainties set forth from time to time in the Company\u2019s filings and reports with the\u00a0U.S. Securities and Exchange Commission\u00a0(SEC), which are available at\u00a0www.investors.telos.com<\/a>\u00a0and on the SEC\u2019s website at\u00a0www.sec.gov<\/a>.<\/p>\n

You should not rely on these forward-looking statements, as they are not guarantees of future performance and as actual outcomes and results may differ materially from those anticipated or implied by these forward-looking statements as a result of such or other risks and uncertainties. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update or revise any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made except as may be required by law.<\/p>\n

\n About Telos Corporation<\/strong>
\n
\n
\n Telos Corporation<\/u>
\n <\/a> (NASDAQ: TLS) empowers and protects the world\u2019s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos\u2019 offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world.\u00a0<\/p>\n

\n Media:
<\/strong>Mia Wilcox
media@telos.com<\/a>
<\/a><\/u>(610) 564-6773<\/p>\n

\n Investors:<\/strong>
\n
Brinlea Johnson
The Blueshirt Group on behalf of Telos Corporation
brinlea@blueshirtgroup.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Acquisition enables Telos\u2019 IDTrust360 to streamline identity and background check processes for organizations and consumers ASHBURN, Va., Aug. 02, 2021 (GLOBE NEWSWIRE) — Telos\u00ae Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world\u2019s most security-conscious organizations, announced today that it has acquired the assets of Diamond Fortress Technologies (DFT), including all patents, and will integrate the ONYX\u00ae touchless fingerprinting software with Telos\u2019 IDTrust360\u00ae platform. The acquisition adds several new patents to Telos\u2019 library of biometric and digital identity intellectual property. The addition of contactless biometrics technology will enable Telos to better serve the needs of organizations in existing and new markets, including transportation, healthcare and financial services. This acquisition solidifies Telos\u2019 position in … <\/p>\n

Continue reading “Telos Corporation Expands Into Touchless Fingerprinting Capability with Acquisition of Diamond Fortress Technologies”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521288","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTelos Corporation Expands Into Touchless Fingerprinting Capability with Acquisition of Diamond Fortress Technologies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/telos-corporation-expands-into-touchless-fingerprinting-capability-with-acquisition-of-diamond-fortress-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telos Corporation Expands Into Touchless Fingerprinting Capability with Acquisition of Diamond Fortress Technologies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition enables Telos\u2019 IDTrust360 to streamline identity and background check processes for organizations and consumers ASHBURN, Va., Aug. 02, 2021 (GLOBE NEWSWIRE) — Telos\u00ae Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world\u2019s most security-conscious organizations, announced today that it has acquired the assets of Diamond Fortress Technologies (DFT), including all patents, and will integrate the ONYX\u00ae touchless fingerprinting software with Telos\u2019 IDTrust360\u00ae platform. 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