L-1 hires advisers for possible sale

Mon, 03/01/2010 - 6:30am
The Associated Press

L-1 Identity Solutions has hired Goldman Sachs and Stone Key Partners LLC as financial advisers as the credentialing company explores selling itself off.

The company, based in Stamford, Conn., announced last month that it was looking into "strategic alternatives" after posting a loss of $540,000 during the most recent quarter.

L-1 provides identification services, including fingerprinting centers and biometric platforms that use finger, face, palm and iris recognition technology.

Shares of L-1 Identity Solutions Inc. rose 28 cents, or 3.3 percent, to $8.80 on Monday.


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