Edentify, Inc. (EDFY/EDFY.PK) Wrap Up:

Edentify, Inc., a later-stage development company, provides identity management and data analysis solutions. It engages in the development and deployment of data analysis technology solutions for preventing identity theft and fraud. The company analyzes the means by which identity crimes are perpetrated, and develops new technologies and procedures to assist corporations, the government, and consumers in the fight against identity fraud and related crime. Its suite of software-based solutions includes IDAssess, IDScreen, and IDAlert. The IDAssess technology is used to benchmark and organize existing customer, prospect or other identity data into groups of similar identities and analyzed for specific types of inconsistencies within these identity groups. The IDScreen product compares the new applicant identity record with an external reference data base, and retrieves and scores all associated variations of the new applicant data that reside in the reference database. The IDAlert product detects subsequent abuses in light of new identity record feeds to the reference database of identity records and alerts. The company, through its subsidiary, InMotion Biometrics, Inc., develops a biometric solution that combines face and voice recognition technologies for authenticating the identity of an individual. Edentify markets its data analysis technology solutions directly and through channel partners law enforcement agencies, the Department of Homeland Security, the IRS, the Department of Motor Vehicles, financial institutions, and healthcare sectors. The company was founded in 2004 and is headquartered in Bethlehem, Pennsylvania.