corporate news

ID R&D Opens Silicon Valley Office

ID R&D Opens Silicon Valley Office

“With the vast and increasing numbers of companies looking to ID R&D for zero-effort, voice and multi-modal biometric authentication, combined with unique anti-spoofing protection, we needed to expand in size and location to continue the tremendous growth we experienced in 2018.” – Alexey Khitrov, CEO, ID R&D New York-based ID R&D has expanded into Silicon…

How Will The Rise of Biometric Cards Affect Gemalto’s ICBC Contract?

How Will The Rise of Biometric Cards Affect Gemalto’s ICBC Contract?

“The company has been highly active in this emerging area [of biometric cards], having announced at the end of last year that a major Italian bank would be the latest to trial its new fingerprint-scanning payment card solution. “ China’s largest bank is sticking with Gemalto for its payment cards, with the latter announcing that…

Zwipe Announces Major Share Offering

Zwipe Announces Major Share Offering

Zwipe has announced a plan to raise up to NOK 120 million, or about $13.7 million USD, through private and public equity. An initial tranche will comprise a private placement offered to major shareholders and “certain new investors in Norway and Sweden,” the company explained in a statement. Zwipe said these interests have “pre-committed” to…

Another Precise Biometrics Board Member Takes a Big Stake in Shares

Another Precise Biometrics Board Member Takes a Big Stake in Shares

Precise Biometrics board member Mats Lindoff has purchased 75,000 shares in his firm, the company has announced. It’s the latest in what has become a string of share purchases among senior Precise Biometrics managers. Last November, the company’s Chief Financial Officer, Ulrik Nilsson, bought 200,000 shares, and this was followed by the purchase of 150,000…

NEC Acquires Danish IT Company KMD

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…

Precise Biometrics Chairman Takes a Much Bigger Stake in Share Purchase

Precise Biometrics Chairman Takes a Much Bigger Stake in Share Purchase

“Hellström’s stock purchase also comes in the wake of CFO Ulrik Nilsson’s purchase of 200,000 shares last month.” Precise Biometrics has just received a loud vote of confidence from its Chairman of the Board, Torgny Hellström. The company has announced that Hellström has purchased 150,000 shares in Precise Biometrics. The move comes at a time of significant change…

FaceTec Aims for 2019 Business Growth with Latest Executive Appointment

FaceTec Aims for 2019 Business Growth with Latest Executive Appointment

“We’re in the right place at the right time with the right technology, and now we’re building our business development team to match to our incredible dev team.” – Kevin Alan Tussy, CEO, FaceTec FaceTec has a new business development executive aiming to build up its activities on the west side of the Atlantic: Richard Lobovsky…

Ipsidy Shareholders Show Support at Annual Meeting

Ipsidy Shareholders Show Support at Annual Meeting

Ipsidy appears to have the full confidence of its backers: The company has announced that at its recent Annual Meeting of Stockholders, all of management’s proposed resolutions were passed. The company didn’t go into great detail in its announcement about what these resolutions pertained to, but did note that one result of the voting is…

IDEX Biometrics Gives Its Tech a New Name

IDEX Biometrics Gives Its Tech a New Name

“Our SmartFinger fingerprint technologies are highly secure, customizable and deliver a strong biometric performance whilst ensuring an outstanding user experience.” – Stan Swearingen, CEO, IDEX Biometrics A longtime leader in the biometrics industry has finally given its fingerprint sensor solutions their own name: IDEX Biometrics has announced that the technology will be sold under the…

ID R&D Appoints Chief Product Officer

ID R&D Appoints Chief Product Officer

ID R&D has further expanded its executive team, announcing the appointment of Ilya Ozerets as its new Chief Product Officer. Ozerets has actually been working with ID R&D for a little over a year in an advisory role, which he performed at the same time as he served as Mitek Systems’ Senior Product Manager. Before that,…

European Commission Grants Merger Control Regulatory Clearance to Thales and Gemalto

European Commission Grants Merger Control Regulatory Clearance to Thales and Gemalto

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”. Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back…

One Identity Gets UK Distributor

One Identity Gets UK Distributor

One Identity has found a distribution partner for the UK: The company has announced that it has teamed up with Nuvias Cybersecurity Practice. Headquartered in London, the latter is an IT solutions distributor that boasts of having 40 vendor partners across 20 countries in the EMEA region. Nuvias says it serves a network of 5,000…

Pindrop Makes a Bang in Latest Funding Round

Pindrop Makes a Bang in Latest Funding Round

“The investors are evidently excited about Pindrop’s enterprise security technology, which is designed to use a range of metrics to detect potential fraud in inbound calls, including metadata such as geolocation, background noise, and even voice recognition. “ Pindrop has brought in $90 million in its latest funding round, the company has announced. The round…

New SAFR Partnership Opens Door to Important China Market

New SAFR Partnership Opens Door to Important China Market

“Homtar says it will launch the first trial of SAFR in Shenzhen within a month’s time.” A new partnership offer RealNetworks a pipeline to the China market for its SAFR facial recognition platform: The company has teamed up with Shenzhen Homtar High-Tech Co., which will work with its partner Shenzhen Wiseme Electronics Co. to launch…

IDEX Partners with China-Based Smart Card Specialist Excelsecu

IDEX Partners with China-Based Smart Card Specialist Excelsecu

“Together, the companies will develop ‘battery-less dual-interface biometric cards with display,’ according to a statement from IDEX.” IDEX Biometrics has a big new partner in the China market for its biometric card efforts. The company has teamed up with Excelsecu, a Shenzhen-based security solutions provider specializing in security solutions including FIDO-based security keys, One-Time Password…

New Zwipe VP Brings Biometric Cards Expertise

New Zwipe VP Brings Biometric Cards Expertise

A trade journalist who has covered biometric cards extensively is Zwipe‘s new Vice President of Business Development. Antonio D’Albore is the founder and Editor in Chief of Embedded Security News, and the author of “The Rise of Biometric Cards“, an extensive research report published near the start of this year. He has also held executive…

Ousted Kairos CEO Cites Philosophical Differences in Counter-Suit

Ousted Kairos CEO Cites Philosophical Differences in Counter-Suit

“In addition to counter-suing, Brackeen is also pressuring shareholders to remove the Board and reinstate him as CEO…” Brian Brackeen, the founder and former CEO of facial recognition specialist Kairos, is counter-suing the company after it ejected him from his role and filed a suit against him over alleged theft and breach of duties. As…

‘More Than Meets the Eye’ Behind ImageWare Q3 Update: CEO

‘More Than Meets the Eye’ Behind ImageWare Q3 Update: CEO

“More was accomplished than meets the eye. We continue to see progress on all fronts, albeit in some cases at a slow rate, and we also continue to see exciting new opportunities where we can improve revenues.” – Jim Miller, Chairman & CEO, ImageWare ImageWare has issued its fiscal update for the third quarter of 2018.…

Latest BIO-key Orders Come In Over $10M

Latest BIO-key Orders Come In Over $10M

“BIO-key said that the orders are expected to bring in $5 million in revenues in the current quarter, with the remainder to arrive in the next 12 months.” BIO-key has received a couple of big new orders for its biometric authentication solutions, totaling over $10 million, the company has announced. The orders are from two…

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