News
Saflink Corporation and IdentiPHI, Inc. Complete Merger
February 2008 by Marc Jacob
Saflink Corporation announced that its stockholders voted overwhelmingly to approve Saflink’s merger with IdentiPHI, Inc. at a special meeting of its shareholders on February 7, 2008. Saflink and IdentiPHI closed the transaction on February 8, 2008.
Under the terms of the merger agreement, Saflink acquired all of the
outstanding shares of IdentiPHI in a stock-for-stock transaction where
each outstanding share of IdentiPHI common stock was exchanged for 6.1498
shares of Saflink common stock, resulting in an aggregate of 614,979,996
shares of Saflink common stock being issued to former IdentiPHI
stockholders.
The company will combine management teams and operate as IdentiPHI, Inc.
with its headquarters in Austin, Texas. The new executive management team
is being led by Steve Oyer, Chairman and Chief Executive Officer, and
Peter Gilbert, Vice Chairman and Senior Vice President of Sales and
Marketing. Additionally, the leadership will consist of John Atkinson as
President and Mark Norwalk as Chief Technical Officer from the IdentiPHI
management team, and Jeff Dick as Chief Financial Officer and Brian
Wilchusky as Vice President of Marketing from the Saflink management team.
