SureID Announces Sale of its Commercial Business Segment to Industry Leader Sterling Talent Solutions
HILLSBORO, Ore. (PRWEB) October 19, 2017 -- SureID, Inc., the market leader in high-assurance identity solutions, announced today the sale of its commercial business segment to Sterling Talent Solutions (Sterling), one of the world’s largest background screening and HR solutions companies.
The transaction enables Hillsboro-based SureID to focus on strengthening and expanding its core business in the military, government and critical infrastructure markets. Key products include its patented RAPIDGate® and RAPID-RCx® programs and PIV-I credentialing.
The company will operate under its new assumed business name, Fortior Solutions. The commercial segment under Sterling’s ownership will retain the brand name SureID as a separate business unit of Sterling.
“We are very excited that our commercial business segment is moving into the future with Sterling, a true industry leader,” said Jim Robell, President and CEO of Fortior Solutions. “The sale enables our talented team at Fortior Solutions to focus on growing our proven and successful RAPIDGate, RAPID-RCx and PIV-I solutions to markets across military, government and critical infrastructure segments.”
Under the transaction, Sterling is acquiring the SureID network of digital fingerprinting technology, deployed through kiosks with sophisticated, user-friendly biometric technology in more than 800 locations nationally. Sterling also is hiring some SureID employees to support the SureID business.
“We enthusiastically welcome the SureID business to the Sterling team,” said Clare Hart, CEO of Sterling. “This sophisticated technology addition to our screening solutions will allow Sterling to more effectively serve the evolving needs of customers.”
Perkins Coie LLP acted as counsel to SureID, Inc., dba Fortior Solutions, on this transaction, and Deloitte Corporate Finance LLC served as financial advisor.
About Fortior Solutions:
Fortior Solutions is the market leader in high-assurance identity solutions used by the government and critical infrastructure. The company creates end-to-end trusted identity programs offering full credential lifecycle management through the combination of registration, identity proofing, verification, background screening, credentialing and identity authentication for government, critical infrastructure, and individuals including contractors, vendors and other authorized personnel. Fortior Solutions’ RAPIDGate® program provides an enterprise-wide, single-credential high assurance identity for the U.S. Marine Corps, Army and Coast Guard installations and critical infrastructure sectors across the country. Fortior Solutions is the leading issuer of PIV-I credentials. Fortior Solutions is headquartered in Hillsboro, OR, and has been delivering trusted identity solutions to customers since November, 2001.
Lynn F. Anderson, Fortior Solutions, http://www.fortiorsolutions.com, +1 503-924-5205, [email protected]
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