Elliott-backed ASG offered $488m for Mitek Systems

Elliott-backed ASG Technologies, a provider of proven solutions for information access, management, and governance for the world’s top enterprises, offered $488m for Mitek Systems, a software company that specializes in digital identity verification and mobile capture built on artificial intelligence algorithms. The offer is $11.50 per share in cash. It represents a 28.2% premium to the stock’s closing price. ASG is looking to expand its software products to banks through an acquisition of Mitek.