Home » Middle East Private Equity »

|| Middle Eastern private equity firm acquired 30% of IrisGuard

growthgate-iris.jpgGrowthGate, a Middle East private equity firm, acquired 30% of IrisGuard, a world leader in iris recognition technologies (IRT) offering IRT solutions to national security organisations, law enforcement agencies, polling, electoral processors, and banking institutions around the world.

IrisGuard manufactures iris recognition camera systems and it also deploys real-time card-free iris recognition solutions for banks via ATMs. It expects to generate revenues in excess of $10 million and to realize an EBITDA in excess of 30% in 2010.

GrowthGate is listed in the Middle East Investors Directory with the code EM10.

Their full press release follows

Previous Post: DubaiBeat.com an official media partner of PEI Middle East Forum
Next Post: Johannesburg-based investment firm on Middle East road show

More from Middle East Private Equity ...

  Arab investors of AGC to invest $322 million in a luxury Greek resort (December 2016)

  Two Middle East private equity firms closed funds at over $1 billion capital (October 2014)

  Middle East private equity firm Ritz Banc has big plans for US real estate in DC (August 2014)

  Middle East private equity firm Foursan invested in 3 new firms (May 2014)

  Middle East investor eye National Basketball Association franchises (January 2014)

  Middle East investors buying farmland in Canada, US and Mexico (January 2014)

  Middle East investors backing a new Hungarian airline (August 2013)

  Middle East private equity firm Investcorp acquires UK crisp maker for $152 million (August 2013)

  MENA Infrastructure Fund acquired 20% of Sohar Power Company (June 2013)

  Saudi private equity firm invested $45 million in 10 global companies (November 2012)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2019 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter