Suprema Posts Strong Revenue Growth for 2014

Government Adoption Named Key Driver in Latin American Biometrics MarketSouth Korea-based biometrics developer Suprema Inc. has posted its 2014 fiscal results, and the company has good news about its revenues. It made $65.5 million USD last year, up 26.2 percent from 2013’s revenues of $49.2 million USD.

According to the company, the revenues were driven by sales in the time and attendance market and the access control market, which isn’t a huge surprise given the accolades the company’s fingerprint-scanning technology received at last year’s All-Over-IP Expo. European clients made the most orders with the company, providing 41 percent of its revenues. But Suprema found clients all over the world, with 21 percent of its revenues coming from sales in the Americas, 20 percent coming from the Asia-Pacific region, and 18 percent coming from the Middle East and Africa regions.

In a statement, Suprema CEO James Lee called the revenue growth “a testament to the superior quality of our products and services.” He added that he expects further growth for the coming year, asserting that the company’s “new products scheduled for release in 2015, along with our recently released BioStar 2, Web-based Open Security Platform, will set the foundation for Suprema’s market expansion in 2015.”

March 23, 2015 – by Alex Perala