Viisage Acquires Imaging Automation

Viisage acquired Imaging Automation (iA), a Bedford, New Hampshire–based provider of document scanning and authentication hardware and software, in a transaction valued at approximately $5 million in cash plus 3.9 million shares and assumption of $2.9 million of debt. The deal expands Viisage’s identity-document authentication capabilities and global installed base and is expected to be accretive to EBITDA, cash flow and EPS in 2005.