By Kevin McCauley
San Francisco's Blueshirt Group is guiding Cogent Inc. as the biometric identification company agrees to a $943M takeover by industrial giant 3M.
The deal bolsters 3M's high-security unit that makes products for border patrol security and passport manufacturing/verification systems, according to the Wall Street Journal.
Pasadena-based Cogent employs 500 people that make finger, palm, face and iris I.D. systems for governments and businesses. It had $130M revenues in 2009 in the estimated $4B global biometric market.
Chris Danne, co-founder of Blueshirt is handling the deal. He founded the firm with fellow Morgen-Walke Assocs. alum Erica Abrams.
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