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Move expands security offerings for pharma and other industries
Authentix, Inc., an authentication and information service based in Addison, TX, has acquired the Traceless Authentication Group from Bibliotheca, Inc. a library systems company serving libraries worldwide.
Rochester, NY–based Traceless delivers anticounterfeiting and diversion control options to customers in the global pharmaceuticals, spirits, and apparel industries. The acquisition includes the company's complete portfolio of patented covert marking solutions as well as its own enterprise cloud-based digital track and trace software technology.
Product lines acquired include Traceless Ultra, Traceless Pro and Traceless Anti-Diversion covert marking systems that can be integrated into existing product production.
"Traceless brings an extensive capability in the worldwide digital tracking of products and consumer-level product marketing, both of which integrate well with our growth strategy," said Kevin McKenna, CEO of Authentix.
In addition to the U.S., Authentix has offices in the United Kingdom, Saudi Arabia and Africa. MHT Partners, L.P. acted as financial advisor to Authentix in the transaction.