• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

NEC Acquires Danish IT Company KMD

January 2, 2019

NEC Acquires Danish IT Company KMD

NEC is buying a major European IT company in a bid to increase growth in its global safety business. The company announced that it has established a deal to acquire KMD, which it says is Denmark’s largest IT company.

In a statement announcing the acquisition, NEC explained that it is part of its “Mid-term Management Plan 2020” program, and that it will promote “a shift towards service businesses that utilize horizontally deployable platforms.” The company highlighted KMD’s use of business models that deliver recurring revenues, including Software-as-a-Service solutions; and it noted that KMD has an strong presence in the government sector, suggesting that it will help to drive its “NEC Safer Cities” business, which offers biometrics and AI technologies for government and infrastructure applications.

‘NEC expects its cutting-edge AI technologies, “NEC the WISE” and its biometric technologies, “Bio-IDiom” to be among the areas of great mutual opportunity,’ the company added.

The news arrives just about a year after NEC’s acquisition of Northgate Public Services Limited, a UK-based IT services company. NEC says that KMD’s software will be promoted alongside that of Northgate through its sales channels once the acquisition is complete.

NEC’s announcement offered no indication of the fiscal terms of the acquisition. The company says it expects the deal to be finalized by the end of February.

–

January 2, 2019 – by Alex Perala

Related News

  • NEC Completes Acquisition of Swiss Wealth Management SpecialistNEC Completes Acquisition of Swiss Wealth Management Specialist
  • NEC Seeks Digital Finance Expansion with Avaloq AcquisitionNEC Seeks Digital Finance Expansion with Avaloq Acquisition
  • Ping to Go Private in $2.8 Billion DealPing to Go Private in $2.8 Billion Deal
  • Imprivata Acquires Xton TechnologiesImprivata Acquires Xton Technologies
  • IDnow to Acquire Fellow Biometric Onboarding Specialist ARIADNEXTIDnow to Acquire Fellow Biometric Onboarding Specialist ARIADNEXT
  • Biometrics Leadership Profile: NECBiometrics Leadership Profile: NEC

Filed Under: News, Stocks Tagged With: acquisitions, AI, artificial intelligence, Biometric, biometrics, corporate news, KMD, mergers and acquisitions, NEC, smart government

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Zighra Gets Canada’s OK, Worldcoin Launches ‘World ID’: Identity News Digest
  • Lawsuits, Passkeys, and a New VP: Identity News Digest
  • Digital Identity Tech Demo Online Event
  • Biometric Ticketing Comes to Osaka Station: Identity News Digest
  • TikTok, Robots, and a $10 Facial Recognition Device: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics