ImageWare Inc., a developer of biometric identity management solutions, seems to be having a good month, with some good news announced this week: The company has negotiated a significant increase to its main credit line, and it’s going to present at the Southwest IDEAS Investor Conference.
The credit extension, which brings the credit line to $5 million and extends its maturity date to March of 2017, signifies a high degree of confidence in the company on the part of its biggest investor, and for good reason: The company has been on a roll lately, having secured a deal to have its GoVerifyID app use biometric authentication at the point of sale for the Fujitsu Retail Solution Marketplace, and having agreed to secure TransUnion’s ID Manager platform. Meanwhile, the Southwest IDEAS Investor Conference presents ImageWare with another opportunity to promote its brand and its products.
The company’s recent successes can largely be seen as products of the company’s software-as-service model, allowing it to promote its products across a range of platforms and thus to a variety of potential customers. And the Southwest IDEAS Investor Conference presents ImageWare with another opportunity to promote its brand and its products to market players.
(Source: Mobile ID World)