Au10tix Secures USD60 Million from TPG
Posted On: 08 Jul 2019 | Sources: ICTS International, FinSMES
Cyprus-based digital authentication services provider Au10tix, a subsidiary of Netherlands-based security technology company ICTS International, has received a USD60 million strategic minority investment from global alternative asset manager TPG. The company provides solutions for automating the capture, classification, authentication, and conversion of identification documents and document images for digital records. Au10tix will use the funding to expand its business and pay off its debt. TPG invested through its Tech Adjacencies fund, which closed at USD1.6 billion in May 2019.