- September 7, 2022
- Posted by: James Gansman
- Category: News
Rock Creek Advisors, LLC (“Rock Creek”) is contacting you regarding Tascent, Inc. (“Tascent” or “the Company”). We are soliciting interest from investors to purchase the going concern Company and/or providing capital to the company. As such, we are selling substantially all of Tascent, including its contracts, customer relationships, patent portfolio, intellectual property, trade secrets, and trademarks.
Founded in 2014 and headquartered in Los Gatos, CA, Tascent is on a mission to unlock new value through the application of intuitive biometric technologies. The Company develops biometric hardware, software, and professional services that unlock the benefits of strong identification. By combining intelligent biometric capabilities with unparalleled usability, Tascent provides essential tools that facilitate the frictionless flow of people and transactions in a connected world. While biometric solutions historically have been associated with security; now, they offer enhanced experiences for customers and improved accuracy and efficiency for operators. Tascent has capitalized on this shift; its key differentiators include world-class specialism in multimodal biometric acquisition and processing, an unrelenting focus on usability and human-centric design, expertise and IP in the latest AI and IOT technologies.
With 40+ combined employees and consultants worldwide and a diverse customer base from the US to Singapore, the Company is strongly positioned in a marketplace that received over $4B in funding in 2021 and is forecasted to exceed $82B by 2027. Its foothold in Aviation, Border Security, and Defense/Public Safety, as well as further growth opportunities in Workplace Identity, Hospitality and other sectors make Tascent an appealing opportunity.
General information can be found at the Company’s website: www.tascent.com. The Offering and Summary Memorandum in the link below provide the following information: Company Overview, Market Opportunity, Product and IP Portfolio, Revenue information, Management Team, and an outline of the Sale Process and Timing.
Rock Creek is running a 7-week sale process, but we will accept indications of interest prior to that time as well to move the process forward. We require an executed Confidentiality Agreement (see link below) to provide access to a Confidential electronic data room with more company information. If there is another person at your firm who would be more appropriate to review this matter, please let us know and/or forward this information accordingly. Also, if your firm is not interested in pursuing this opportunity, we’d appreciate knowing in order not to continue to follow up with you.