July 8, 2024
DNA Partners L.P. (“DNA Partners”) is pleased to announce the acquisition of SIC Biometrics. Founded in 1999, the company is a leader in the design, manufacturing, and deployment of mobile biometrics solutions. SIC Biometrics solutions are primarily used by law enforcement agencies such as the FBI, US Marshals, US Postal Service, border agents, and police forces worldwide for field identification purposes.
After successfully leading SIC Biometrics for 25 years, Eric Talbot, founder and CEO, joins forces with DNA Partners to accelerate the company’s growth and plan a leadership transition over a three-year period. Eric Talbot will remain a shareholder and CEO of the company during the transition.
This strategic transaction aims to merge DNA Partners’ expertise and resources with SIC Biometrics’ technical know-how to accelerate the development of new technologies and strengthen the company’s leadership position in the rapidly expanding market of mobile biometric security.
From innovation to serving public safety
Since 2019, SIC has strengthened its market position by specializing in public safety applications, particularly mobile biometric devices for border control, homeland security, and law enforcement. SIC has also been involved in deploying criminal background check solutions for multiple government programs in the United States. SIC offers cutting-edge technologies that ensure safe and accurate identification and identity verification (fingerprint, facial recognition, and iris scanning). Through its network of partners, SIC provides biometric solutions to reputable agencies, facilitating the work of agents dedicated to ensuring public safety.
A partnership based on innovation and commitment to excellence
“At DNA Partners, we are driven by a passion to support the growth of innovative companies like SIC Biometrics. This partnership represents an opportunity to apply our expertise and enable this promising Quebec-based company to reach its full potential on the international stage,” said Jean-Marc Bougie, Managing Partner at DNA Partners.
“We chose DNA Partners for their commitment to excellence, values aligned with ours, and strong desire to help our company achieve its full potential. We look forward to collaborating with them to continue developing cutting-edge mobile biometric solutions and serving our clients with distinction,” commented Eric Talbot, CEO.
About DNA Partners
DNA Partners, a growth-focused private equity fund, is redefining the landscape of private equity in Quebec. As passionate entrepreneurs, seasoned operators, CEOs, and financial experts, we bring a wealth of experience and knowledge to the table. We see ourselves as architects of transformational growth. Our mission is clear: to support and help Quebec-based businesses achieve their full business potential. DNA Partners is part of DNA Capital and is based in Montreal.