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L-1 Identity Solutions Inc

 
Hoover's Profile: L-1 Identity Solutions, Inc.
(NYSE:ID)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
L-1 Identity Solutions, Inc.
177 Broad St., 12th Fl.
Stamford, CT 06901
CT Tel. 203-504-1100
Fax 203-504-1150

Type: Public
On the web: http://www.l1id.com
Employees: 2,264
Employee growth: 24.5%

L-1 Identity Solutions handles security problems face-to-face. The company develops face, finger, and iris recognition technologies used for protecting and securing personal identities and assets, with a focus on the federal, civil, criminal, commercial, border, and management markets. It provides technology products through its Identity Solutions segment, while it offers enrollment, consulting, training, and other IT services through its Services segment. L-1 systems are used to produce most of US driver's licenses. The federal government accounts for about 65% of revenues. A group of executives own a majority stake in L-1 through investment vehicles L-1 Investment Partners and Aston Capital Partners.

Key numbers for fiscal year ending December, 2008:
Sales: $562.9M
One year growth: 44.5%
Net income: ($548.7)M

Officers:
Chairman, President, and CEO: Robert V. LaPenta
EVP, CFO, and Treasurer: James (Jim) DePalma
SVP and CTO, Secure Credentialing Division: Mohamed Lazzouni

Competitors:
Acsys Biometrics
ImageWare Systems
Security First

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