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Mitek Systems, Inc. (“Mitek”) (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity verification solutions, today announced that it has acquired A2iA, SAS, (“A2iA”), a global leader in artificial intelligence (AI) and image analysis, for €42.5 million in cash and shares of Mitek’s common stock. 

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Announced in May 2018, A2iA was acquired by Mitek Systems, a global leader in digital identity verification solutions and inventor of Mobile Deposit®. This acquisition combined two market leaders in image recognition and processing, creating a powerful force with a deep expertise in image analytics. A2iA’s award-winning software toolkits deliver handwriting recognition, text extraction and document classification features. Whether the image is captured by a desktop scanner or mobile device, A2iA delivers add-on capabilities that speed automation, simplify customer engagement and quickly capture all types of data from payments and related documents.