BIO-key has sold a $3.06 million Senior Secured Convertible Note, the company has announced. The Note was sold to Lind Global Macro Fund, with $2.55 million in proceeds at closing. In a statement, BIO-key explained that the capital raised in the transaction will “be used for general working capital purposes, including repayment of outstanding indebtedness.”…
“Together with HYPR, ForgeRock’s Intelligent Authentication technology can ensure that the end-user gets the best possible authentication method at any time, in any channel.” – Ben Goodman, Senior Vice President, Global Business and Corporate Development, ForgeRock HYPR and ForgeRock have teamed up on a new digital security solution, the companies have announced. In a statement,…
The biometrics industry is perhaps one of the most active markets in the world, with a constant stream of activity pertaining to strategic alliances, technological integrations, product launches, and more. And this momentum can sometimes be seen on the highest level of corporate activity – mergers, acquisitions, executive appointments, and corporate restructuring. There has been…
“[AU10TIX] has established itself as a KYC and customer onboarding solutions provider in the areas of financial services, travel, transportation, and gaming. Alternative asset firm TPG has taken a big stake in AU10TIX, investing $60 million in the latter’s holding company, ABC Technologies B.V. Based in Cyprus, AU10TIX specializes in customer onboarding and KYC automation…
“The two new board members are Tencent Holdings Senior Executive Lau Seng Yee and SenseTime Founder Tang Xiao’ou…” A pair of tech executives with China’s SenseTime and Tencent have joined the board of Khazanah Nasional, a sovereign wealth fund in Malaysia. The appointees are the first representatives of Chinese companies on the Khazanah board, which…
NuData Security’s Senior Vice President and Chief Technology Officer is taking over as the company’s new CEO. Christopher Bailey will be replacing company co-founder Michel Giasson, who is retiring after 12 years of service as the former CEO. Though the assignment is technically a promotion, Bailey co-founded NuData alongside Giasson in 2007 and is extremely…
“We appreciate the continued support of our existing investors and are delighted to welcome new investors who share our vision. We are starting the process of preparing the Company for an uplisting to a national exchange in due course, which we believe will be in the best interests of the Company and stockholders.” – Philip…
Nuance Communications has established a definitive agreement to sell off its India SRS division. It’s part of a larger effort on Nuance’s part to divest itself of its Subscription Revenue Services business, which is focused on mobile services in emerging markets, with the company also having recently completed the sale of its Brazil SRS division.…
“According to Yoti, the Council was set up to make sure that Yoti’s actions are in keeping with its stated humanitarian principles.” Yoti has once again demonstrated its commitment to ethical best practices in tech. The company has shared some details about its Guardian Council, which is intended to make the company more transparent and…
Socure is increasing its presence in Chennai, India. The New York-based identity verification startup first opened its Chennai office in 2017, and is looking to double its headcount from 15 to 30 by the end of 2019, before doubling again to 60 by 2021. According to Socure CEO Tom Thimot, the Chennai branch will be…
“This acquisition represents a powerful accelerator of the strategy we have been implementing since 2015; by providing a unique range of digital technologies and skills, it strengthens the differentiation of our solutions and positions us as partner in the digital transformation of our customers.” – Patrice Caine, CEO, Thales In the wake of its acquisition…
“We are very pleased Debbie and Mark have joined our company. Their years of experience in financial services, physical access, enterprise technology, global scale and culture fit make them ideal leaders to join our mission,” – Rob Douglas, Chairman & CEO, BioConnect BioConnect is looking to further build on excitement over its multimodal biometric authentication…
Acuant will be taking center stage at the Identity Week 2019 event in London. The identity verification specialist will be sending three executives – including President and CEO Yossi Zekri – to lead panels that explore challenges associated with digital identity. Identity Week is an amalgamation of three separate shows, all of which address identity…
Mitchel Lenson is the newest member of the BioCatch Board of Directors. The former Deutsche Bank executive has been appointed as an independent member of the board, where he will offer financial guidance as the company looks to expand its business internationally. “Mitchel brings broad experience in the application of technology within the banking sector,…
“We are pleased to welcome Derek to our team, where he will have an immediate impact through his experienced leadership of our financial organization. He joins us at an ideal time as we prepare the company for commercial success.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics has found its new Chief Financial Officer: Derek…
“FacePhi has become one of the authentication industry’s great success stories over the last few years, thanks in large part to its selfie-based authentication solution…” Spain-based biometric authentication specialist FacePhi is looking to dramatically extend its presence in the APAC market, announcing a new subsidiary headquartered in South Korea. The aptly-named FacePhi APAC already has…
NEXT Biometrics CEO Ritu Favre will step down from the position on July 28th, the company has announced. The decision appears to be a personal one on the part of Favre, who has opted to pursue another professional position with an as-yet-unnamed US company. In announcing her planned departure, NEXT Biometrics asserted that the move…
“The developments arrive after Fingerprint Cards’ publication of its Q1 results earlier this month, in which the company reported improvements in its revenues and net result despite ongoing challenges in the mobile biometrics market.” Fingerprint Cards held its Annual General Meeting yesterday, and has disclosed its important developments. Concerning stockholders, it was resolved at the…
“The appointment’s official announcement arrives alongside that of IDEX’s name change, with the company’s formal moniker switching from IDEX ASA to IDEX Biometrics ASA…” IDEX Biometrics has officially announced the appointment of the latest member of its Board of Directors, Stephen Skaggs. Elected as the Board’s fifth member at this month’s Annual General Meeting, Skaggs…