“The demand for our solutions has grown a lot in recent years in this region and, thanks to this sales-focused team, we want to continue expanding our presence around the world.” – Javier Mira, CEO, FacePhi
FacePhi has established its third regionally-focused subsidiary as it continues to pursue global expansion, and in so doing has found a home base for its recently appointed VP of EMEA Sales, Enrico Montagnino.
FacePhi EMEA will, as its name suggests, be focused on the Europe, Middle East, and Africa markets. But it will do so from the United Kingdom, and will hire staff from the British region, according to a statement announcing the subsidiary. Montagnino, whose appointment to the company was announced in April, will head the subsidiary, deploying his expertise from previous terms with Oosto and Qognify.
“The United Kingdom is a strategic country, a gateway to new markets from which we want to meet the needs of our customers and expand the use cases of our technology,” explained FacePhi CEO Javier Mira. “The demand for our solutions has grown a lot in recent years in this region and, thanks to this sales-focused team, we want to continue expanding our presence around the world.”
The official announcement of FacePhi’s UK-based EMEA subsidiary offers the latest illustration of the company’s global growth ambitions. The biometric identity verification specialist launched its first subsidiary, focused on the APAC region, back in 2019, and followed that up with the announcement of a LATAM subsidiary this past March.
“The opening of this new subsidiary represents a key step for FacePhi, a company that is in a moment of expansion and growth,” commented Montagnino.
On that note, FacePhi has indeed been a beneficiary of the growing market interest in biometric identity verification and authentication solutions, particularly those based on facial recognition technology. For its part, FacePhi recently released figures from its audited results for 2021 indicating that last year was the company’s best yet. Highlights included an 81 percent year-over-year jump in revenues and EBITDA of €1.88 million, against €0.86 million EBITDA the year before.
June 6, 2022 – by Alex Perala