ICTS International N.V. Announces USD $60 Million Investment Into ABC Technologies B.V., Parent Company of AU10TIX Limited
ICTS INTL NV (ICTSF)
NASDAQ:AMEX Investor Relations:
ictsintl.com/investors/annual-reports
Company Research
Source: PR Web
SCHIPHOL OOST, Netherlands (PRWEB) July 08, 2019 The transaction proceeds of USD $60 million, received through the issuance of Preferred Shares, will be used to pay off AU10TIX's debt and accelerate AU10TIX's future global growth initiatives. AU10TIX is a global cloud-based, machine learning, image processing company. AU10TIX's portfolio of services include: forensic level ID Authentication, Identity Verification, Screening, and Advanced Biometrics. Over the last decade AU10TIX Limited has become the preferred solution for customer onboarding and KYC ("Know Your Customer") automation across a diverse set of industry sectors; such as banking, payments, transportation, travel, and gaming. This investment demonstrates confidence in AU10TIX management, the company's business model, and its future strategic trajectory.Goldman Sachs International served as sole placement agent in this transaction.About ICTS International N.V.ICTS specializes in the development and implementation of innovat
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