Travel security solution provider Pangiam acquires Trueface

Trueface, a provider of facial recognition technology and a PhocusWire Hot 25 Startup for 2021 and Phocuswright Summit pitch winner in 2020, has been acquired by Pangiam.

Terms of the deal were not disclosed.

Pangiam provides identity management, biometrics and analytics software and consulting services to government and commercial customers.

This is the company’s second acquisition since Pangiam was formed in October 2020 by private equity firm AE Industrial Partners through the combination of Linkware and PRE. In March Pangiam acquired the VeriScan facial recognition system from the Metropolitan Washington Airports Authority.

Founded in 2013, Trueface creates computer vision solutions used in a range of industries for things such as access control, contactless temperature checks, social distancing and PPE compliance monitoring. 

Trueface founders Shaun Moore and Nezare Chafni will continue to lead the growth of Trueface, which now has clients in more than 13 countries. 

Pangiam says the acquisition will help it achieve its “mission to provide a safer, faster and more personalized travel experience for all.”

"We are excited to welcome Trueface to the Pangiam family. Shaun and Nezare are pioneering thought leaders whose advances in computer vision have the potential to drive innovation in identity management, data labeling and biometrics," says Kevin McAleenan, Pangiam CEO.

Watch Moore’s interview with Phocuswire editor-in-chief Kevin May, which took place after Trueface won the Innovation Summit: People's Choice Travel Innovator Of The Year and Most Innovative Startup awards at the Phocuswright Conference 2020.