Montreal: 8th July 2024 – WTA Partners announces the sale of its client, SIC Biometrics to DNA Partners L.P. (“DNA Partners”), to whom it was appointed as their exclusive M&A advisor. This strategic transaction brings together two industry leaders to accelerate innovation and growth in the mobile biometrics sector.
Founded in 1999, SIC Biometrics is a leader in the design, manufacture and deployment of multi-modal mobile biometric solutions. Partnering with the five key-integrators of the biometric market, these solutions are used primarily by law enforcement agencies such as the FBI, US Marshals, US Postal Service, border agents, and police forces worldwide for national enrolment programs and field identification purposes. With a commitment to innovation and public safety, SIC Biometrics delivers reliable and accurate enrolment, identification and verification systems, including fingerprint, iris scanning, and ID document capture.
Eric Talbot, the founder and CEO of SIC Biometrics, stated: “SIC’s management team has found in WTA Partners a team that understands all aspects of our operations and the potential of our technologies developed over the last 25 years. This approach allowed us to target only a few key strategic buyers who would be able to enable the next phase of business development, to serve and save more people around the world. This is the main reason why SIC exists and continues to invest in unparalleled solutions.”
Nick Nardi, Managing Partner at WTA Partners, added: “It was a pleasure to work closely with S.I.C. Biometrics to secure their sale. As a company that embodies the values and dependability of the Public Safety sector, their motto of “build the best tools for field agent security” is not only apt but present throughout their culture and their operations. All of us at WTA Partners are excited to see the next phases of their growth with DNA Partners.
DNA Partners Managing Partner, Jean-Marc Bougie, also commented: “WTA Partners did a remarkable job of running a seamless process and was a true value added partner in managing this transaction. We were impressed with how Nick got ingrained in the business and understood every facet of the operations. This truly assisted us in executing the transaction in a very short timeframe.”
About SIC Biometrics
SIC Biometrics is a leader in mobile biometric solutions, providing advanced technologies for law enforcement, border control, and homeland security. Through its network of partners, SIC provides biometric solutions to esteemed agencies, supporting the efforts of agents dedicated to maintaining public safety.
About DNA Partners
DNA Partners, a growth-focused private equity fund, is redefining the landscape of private equity in Quebec. As passionate entrepreneurs, seasoned operators, CEOs, and financial experts, the firm brings a wealth of experience and knowledge to the table viewing itself as architects of transformational growth. DNA Partner’s mission is clear: to support and help Quebec-based businesses achieve their full business potential. DNA Partners is part of DNA Capital and is based in Montreal.