| Defunct | December 2010[1] |
|---|---|
| Fate | Acquired by 3M Corporation August 30, 2010. Acquired by Gemalto December 9, 2016 as part of 3M's Identity Management Business acquisition. |
| Key people | Ming Hsieh (Co-founder, CEO, President, and Chairman) Paul Kim (CFO) |
| Industry | Security |
| Products | Biometric Identification Systems (Fingerprint, Iris, Facial Recognition) |
| Services | Biometric Identification |
| Revenue | US$125,680,000 Million (2008)[2] |
| Operating income | US$53,070,000 (2008)[3] |
| Net income | US$45,180,000 (2008)[3] |
| Assets | US$620,130,000 (2008)[3] |
| Equity | US$519,470,000 (2008)[3] |
| Num employees | 365 (December 2008)[3] |
| Parent | 3M (as of August 30, 2010) Gemalto (as of December 9, 2016) |
| Foundation | 1990 |
| Location | South Pasadena, California U.S. Moved to Pasadena, CA June 2006. |
| Homepage | www.cogentsystems.com |
Cogent Systems, Inc. is a manufacturer of automated fingerprint identification systems (AFIS).
On January 20, 2006, the City of Pasadena (CA) announced Cogent Systems' impending relocation from South Pasadena to Pasadena.[4]
On August 30, 2010, 3M announced they had acquired Cogent Systems for $943M.[5]
On September 2, 2010, Steven Davidoff Solomon of the New York Times wrote about three of Cogent's shareholders objecting to what they considered 3M's low purchase offer.[6]
On December 9, 2016, Gemalto announced they had purchased 3M's Identity Management Business (which includes Cogent Systems, Inc., Document Reader, and Secure Materials Business) for US$850 million.[7]
On May 1, 2017, 3M announced the completion of the sale of its identity management business to Gemalto.[8]
References
- ^ "2010 Annual Report". 3M. Retrieved 11 March 2012.
- ^ "Cogent Systems Announces Fourth Quarter and Full Year 2008 Financial Results". Reuters. Feb 25, 2009. Archived from the original on February 1, 2013. Retrieved 3 March 2009.
- ^ "COGT - Cogent, Inc. - Google Finance". Google Finance. Retrieved 2009-03-24.
- ^ Pasadena, City of. "STATE OF THE CITY – JANUARY 20, 2006 – City of Pasadena | Mayor & City Council". ww5.cityofpasadena.net. Retrieved 2017-06-13.[dead link]
- ^ Sayer, Peter (30 August 2010). "3M Offers $943M for Biometric Security Vendor Cogent Systems". PC World. Retrieved 16 February 2013.
- ^ Solomon, Steven Davidoff. "The Strangeness of 3M's Cogent Deal". DealBook. Retrieved 2017-06-13.
- ^ "Gemalto to acquire 3M’s Identity Management Business". www.gemalto.com. December 9, 2016. Retrieved 2017-06-13.
- ^ "3M Completes Sale of Its Identity Management Business | 3M News | United States". news.3m.com. Retrieved 2017-06-13.