San Diego, CA and Paris, France – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Mitek Systems, Inc., a global leader in digital identity verification solutions on the company’s acquisition of A2iA, SAS, a leader in artificial intelligence image recognition, processing and analysis. The approximately $50 million cash-and-stock transaction doubles the size of the Mitek Labs team, resulting in the industry’s largest private research group of PhD scientists in computer vision, machine learning and artificial intelligence.
The Paul Hastings team was led by U.S.-based M&A partner Carl Sanchez and corporate associates Melissa Sampson and Cassie Wells, and also included Paris-based Employment partner Stephane Henry and Corporate associate Antoine Ricol.
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