corporate news

New Customers and Strategic Partnerships Drive Year-Over-Year Growth for Onfido

New Customers and Strategic Partnerships Drive Year-Over-Year Growth for Onfido

Onfido is boasting about a stellar year after posting a 171 percent year-over-year growth in sales for the second quarter. The company credited the strong growth to a number of different factors, including a series of new customers and strategic partners. “Our core identity verification business is continuing to meet and exceed the market need…

BioConnect Gets $3.9 Million in Federal Funding for Expansion Effort

BioConnect Gets $3.9 Million in Federal Funding for Expansion Effort

“FedDev Ontario’s support is a material catalyst for us to continue to invest aggressively in BioConnect’s future. We are a very proud Canadian company committed to the GTA and we will leverage this partnership to continue to grow our presence globally.” – Rob Douglas, Founder, Chairman and CEO, BioConnect Toronto-based biometrics specialist BioConnect is poised to…

Exec with Marketing, Payments Experience is NEXT Biometrics’ New CEO

Exec with Marketing, Payments Experience is NEXT Biometrics’ New CEO

“NEXT’s unique fingerprint sensor technology and the growth potential of its target markets provides the foundation to further scale the business and reach the Company’s true potential.” – Peter Heuman, CEO, NEXT Biometrics NEXT Biometrics has found its next CEO in Peter Heuman, an executive with experience in media marketing and financial services. In announcing…

Forbes Technology Council Extends Invite to ID R&D President

Forbes Technology Council Extends Invite to ID R&D President

ID R&D President Alexey Khitrov is the newest member of the Forbes Technology Council. Khitrov was asked to join the exclusive group based on his experience and past achievements. Like all Forbes Councils, the Forbes Technology Council is an invitation-only gathering of executives who have demonstrated the ability to grow a business. Members are also…

NEXT Biometrics CEO Anticipates ‘Hypergrowth’ in Biometric Smart Cards: Q2 Update

NEXT Biometrics CEO Anticipates ‘Hypergrowth’ in Biometric Smart Cards: Q2 Update

Revenues are up in NEXT Biometrics latest quarterly update, with the company highlighting advancements in its Aadhaar market activities and in promoting its new FAP 20 fingerprint sensor. For the second quarter of the 2019 fiscal year, NEXT Biometrics’ revenues came in at NOK 30.1 million, an improvement of 18 percent compared to Q2 of…

Goodix to Acquire NXP Semiconductors’ Voice and Audio Solutions Business

Goodix to Acquire NXP Semiconductors’ Voice and Audio Solutions Business

Goodix has entered into a definitive agreement to acquire NXP Semiconductors’ Voice and Audio Solutions (VAS) business. The deal includes offices in Europe and Asia as well as intellectual property holdings related to VAS. Having established itself as an important supplier of fingerprint scanning solutions for smartphones, including the in-display sensor technology that is currently…

Precise Biometrics Q2 Update Sheds Light on Smart Card Plans

Precise Biometrics Q2 Update Sheds Light on Smart Card Plans

“As previously communicated, we are expecting modest initial volumes of biometric smart cards to be delivered at the end of 2019, followed by larger volumes in 2020.” – Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics has issued its latest quarterly results, depicting a dip in revenues but continuing progress in the company’s three key…

ImageWare CEO Optimistic in Q2 Update

ImageWare CEO Optimistic in Q2 Update

ImageWare has issued its Q2 results for 2019, with the company’s senior executive remaining upbeat in the face of lower-than-expected numbers. Revenues for the quarter ended June 30th came in at $812,000, compared to revenues of $1,885,000 in Q2 of 2018. In reporting the change, ImageWare noted that last year’s Q2 earnings reflected one-time, non-recurring…

Facial Recognition Specialist VSBLTY Brings on a Pair of New Executives

Facial Recognition Specialist VSBLTY Brings on a Pair of New Executives

VSBLTY has added two new members to its executive team. The company has announced that Matthew Pruitt will be taking over as the new Chief Experience Officer (CXO), while Paul Rinaldi has signed on as the company’s first Senior Client Services Director for Retail. The latter is a newly created position that will focus on…

Ipsidy CEO Highlights Global Growth Efforts in Q2 Update

Ipsidy CEO Highlights Global Growth Efforts in Q2 Update

“We are focused on specific international opportunities, where we are starting to see active interest in our solutions.” – Philip Beck, Chairman & CEO, Ipsidy Ipsidy has announced its results for the second quarter (Q2) of the 2019 fiscal year, ended June 30th. Revenues for the quarter came in at $0.6 million, compared to revenues…

Revenue Dip Continues in Synaptics’ Q4 Results

Revenue Dip Continues in Synaptics’ Q4 Results

Synaptics has issued its results for the fourth quarter of its fiscal year, ended June 30th. The quarter saw the continuation of a downward trend in revenues seen in its last quarterly update, with net revenues coming in at $295.1 million. That’s 24 percent lower than revenues in the same quarter of last year, and…

Nuance Shows Solid Growth in Q3 Update

Nuance Shows Solid Growth in Q3 Update

“…the Artificial Intelligence specialist has delivered revenues near the high end of its guidance range.” Nuance Communications has issued its results for the third quarter of 2019, showing solid growth across multiple business areas. Bearing in mind that Nuance adopted the ASC 606 revenue recognition standard last October, comparison of its latest results with those…

Aware CEO Emphasizes Knomi Attention in Q2 Update

Aware CEO Emphasizes Knomi Attention in Q2 Update

“… Aware is continuing to invest in the development of its biometric solutions and that the company’s team remains encouraged by market interest in its offerings, particularly Knomi.” Aware Inc. has posted its results for the second quarter, ended June 30th. The biometrics specialist saw revenues of $3 million during the quarter, compared to revenues…

FPC Schedules Q2 Results Presentation for August 15

FPC Schedules Q2 Results Presentation for August 15

Fingerprint Cards has announced that it will be sharing its second quarter results on Thursday, August 15th. In addition to a written report, the fingerprint recognition specialist will detail its performance during a teleconference and a webcast in English at 09:00 CEST. The Swedish company will also be answering questions during that time. While it’s…

IDEX Biometrics to Post Q2 Results on August 15

IDEX Biometrics to Post Q2 Results on August 15

“IDEX says its conference call will be hosted by Chief Executive Officer Stan Swearingen and Chief Financial Officer Derek D’Antilio.” IDEX Biometrics will publish its Q2 results on Thursday, August 15th, the company has announced. The results will arrive alongside a conference call scheduled for 15:00 CET. In announcing the Q2 update schedule, IDEX did…

IDEMIA Sharpens North America Focus with Latest Corporate Change

IDEMIA Sharpens North America Focus with Latest Corporate Change

IDEMIA has made another important change to its corporate infrastructure, including the appointment of a new high-level executive: Dan Kent is the company’s new Chief Technology Officer, VP, and member of the Executive Committee for IDEMIA’s North American Identity & Security business. Additionally, Kent will be heading a new division that is a consolidation of…

RealNetworks’ Q2 Results Reflect Revenues from Biometric Security, Mobile Games, and Napster

RealNetworks’ Q2 Results Reflect Revenues from Biometric Security, Mobile Games, and Napster

“In the second quarter, we achieved solid results overall with two particularly strong areas: our SAFR Facial Recognition platform and our free-to-play casual mobile games.”- Rob Glaser, Chairman and CEO, RealNetworks RealNetworks has issued its Q2 results, for the quarter ended June 30th, 2019. The results reflect the company’s unusual revenue mix in the wake…

Synaptics Announces New CEO: Michael Hurlston

Synaptics Announces New CEO: Michael Hurlston

Synaptics has announced its next CEO: Michael Hurlston will take the helm on August 19th, and is expected to join the company’s Board of Directors at the same time. Hurlston is coming to Synaptics straight from Finisar, where he has served as chief executive since January of last year. His appointment at Synaptics can therefore…

Interview: COO Hof Retief on BioRugged’s Ambitious Expansion Plans

Interview: COO Hof Retief on BioRugged’s Ambitious Expansion Plans

Founded in 2012, BioRugged has quickly established itself as a leading provider of heavy-duty biometric devices that can be used in a wide range of environments. The company’s newest devices, the BioWolf 60 and BioWolf 60P, the Ruggbo 20R, and the Mark 3 Biometric Enrollment and Verification Kit, have further elevated BioRugged’s profile as the…

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