Acuant Buys AssureTec

Los Angeles-based Acuant, a developer of identity management and identity verification technology, said this morning that it has acquired AssureTec Technologies, a provider of identity, document authentication, and data capture products. Financial details of the deal were not disclosed. The company said that AssureTec's CEO, Steve Maloney, becomes Executive Vice President for Business Development & Strategy at Acuant. Acuant said the deal also includes AssureTec's intellectual property, capture and authentication patents.