IDEX Biometrics has found its new Chief Financial Officer. The company has announced that James A. Simms has been appointed to the role.
IDEX had announced at the end of March that its previous CFO, Derek D’Antilio, would be stepping down to take on a new role at a different company, with a deadline set for April 23rd. D’Antilio had helped to steer the company through the turmoil of the COVID-19 pandemic and to bring it to the Nasdaq securities exchange, ensuring his would be big shoes to fill.
For his part, Simms spent 13 years as the CFO, Treasurer & Secretary of Vicor Corporation, a provider of electrical power management solutions. In a statement announcing his appointment with IDEX, the fingerprint biometrics specialist explained that Simms “played a key role” at Vicor “in repositioning the company strategically and organizationally, leading to an order of magnitude expansion of market capitalization.”
Prior to his role at Vicor, Simms spent time in the world of investment banking, holding Managing Director positions with the firms Needham & Company and Janney Montgomery Scott, and with the M&A team at Adams, Harkness & Hill.
“I am very excited to welcome Jamie to our global management team,” said IDEX Biometrics CEO Vince Graziani. “His expertise in accounting, regulatory matters, and investor relations, together with his prior experience in investment banking, will be extremely valuable to the company as we continue to accelerate commercialization and revenue growth.”
In joining the IDEX team, Simms will surely be hoping that most of the excitement of COVID-19 has passed, and that a much different kind of excitement lies ahead as the company and its partners gear up for large-scale launches of biometric payment cards. IDEX recently announced that its TrustedBio fingerprint sensor, which is to be used in payment card solutions, has entered the mass production phase.
April 21, 2021 – by Alex Perala