Benzinga | Jun 1, 2021 07:57AM EDT

Mitek Acquires ID R&D For $49M

Mitek (NASDAQ:MITK), a global leader in digital identity verification, today announced that it has acquired ID R&D, an award-winning provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. Shareholders of ID R&D will be entitled to receive up to $49 million in Mitek stock and cash as consideration.