“Industry participants and analysts believe 2020 will [be] the year where the market moves from one defined by pilots, towards mass commercial deployments.” That’s one of the key takeaways from IDEX’s latest quarterly update, in which the company has reported significant progress in the journey toward commercialization of its fingerprint biometrics tech for the next…
Taiwan-based biometrics specialist Egis Technology has issued a Q3 update for 2019, illustrating a continuing growth trend for the company. Net sales for the quarter came in at just over NT 2 billion, compared to net sales of just under NT 1.6 billion in the third quarter of 2018. Quarter over quarter, revenues increased by…
IDEX Biometrics has made its debut on the OTCQB Venture Market exchange, trading under the ticker symbol IDXAF. Operated by OTC Markets Group, the OTCQB is an over-the-counter stock trading market in which securities that aren’t listed on major stock exchanges are traded through a network of dealers. As IDEX explained in a statement announcing…
Synaptics is reporting strong results for the first quarter of its fiscal year. Net revenues came in at $339.9 million. That’s short of the $417.6 million in net revenues Synaptics reported in the corresponding quarter of 2018, but it’s a 15 percent improvement over the company’s last quarter. And Synaptics’ net income for the latest…
IDEX Biometrics has announced that the company will be restructuring in an effort to reduce its operating costs. The restructuring will take place in the fourth quarter of 2019, and is expected to lower the company’s break-even shipments point by 50 percent. According to IDEX CEO Stan Swearingen, the changes reflect the unpredictable nature of…
Phillip L. Kumnick has been named as the newest member of Ipsidy’s Board of Directors. Kumnick has more than 30 years of executive experience in the payments industry, including a lengthy stint as Visa’s Senior Vice President of Global Acquirer Processing from 2010-2018. At Visa, Kumnick helped develop the Secure Remote Commerce (SRC) tokenization standard. His…
Joey Pritikin has joined Paravision as the company’s new Chief Product Officer (CPO). Pritikin is the founder of Tascent, and is leaving his Co-CEO post at Tascent to take on the Paravision position. “Paravision’s ability to attract industry veterans like Joey demonstrates the potential of our technology and the opportunity for growth in the computer…
HID Global has completed its acquisition of De La Rue’s international identity solutions business, the company has announced. The latter company is a UK-based manufacturer of passports, bank notes, and tax stamps. When HID Global first announced its plan to buy De La Rue’s identity business back in June, the company noted the latter’s significant…
Seattle-based RealNetworks has set a date for the publication of its third quarter results for 2019: they will be issued on October 30, after market close. Judging by RealNetworks’ Q2 report issued in August, the forthcoming should reflect an interesting revenue mix. RealNetworks acquired the music streaming platform Napster by doubling its stake in the…
The Synaptics C-suite transformation continues with the appointment of Dean Butler as the company’s new Chief Financial Officer. Butler joins the company only a few short months after Michael Hurlston took over as the new CEO, and inherits the position from interim CFO Kermit Nolan, who will officially step down on October 21. Butler previously…
Biometrics News – Behavioral Biometrics Featurespace has hired Dena Hamilton in an effort to improve its anti-fraud capabilities. Hamilton is signing on as the company’s new Fraud and Financial Crime market expert, and arrives with more than 20 years of experience in the field of financial crime prevention. Hamilton has particular expertise in software product…
Biometrics News With its acquisition of Gemalto earlier this year, Thales has established a new “Digital Identity and Security” (DIS) business unit, and has laid out some lofty expectations for the division in a note to investors. According to Thales, the DIS unit comprises Gemalto as well as “a number of digital businesses previously assigned…
Synaptics has set a date for its next quarterly report: The update will be issued on November 7 after market close. The forthcoming corporate update will reflect the first quarter of Synaptics’ 2020 fiscal year, and will follow a Q4 2019 update in which the company reported lower than expected revenues of $295.1 million, just…
Biometrics News Aware, Inc. has announced another high-profile executive appointment, with a longstanding employee being promoted to the position of Chief Commercial Officer. Robert M. Mungovan has been with the company since 1997, when he came on as its Sales and Marketing Manager for Biometric Software. In 2000, Mungovan took on the position of Aware’s…
A former IDEMIA executive is Aware, Inc.‘s new Chief Executive Officer. Robert – or “Bob” – Eckel joins the Aware team as both CEO and a new member of the Board of Directors, while previous CEO Kevin Russell has been named the company’s Chief Legal and Administrative Officer. Eckel served as CEO of MorphoTrust starting…
Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…
IDEMIA has appointed a high-profile marketing specialist as its Chief Marketing Officer for North America: former Noveto Systems CEO Brian Wallace. Wallace has helmed Noveto Systems since June of last year, with previous advisory and executive roles with i.am+, Playground Global, Magic Leap, and Google, where he served as Global Brand and Product Marketing VP…
A former tech executive with some pretty substantial government experience is Daon‘s new President of Emerging Markets. In the tech world, John Sanders may be best known as a co-founder of Reveal Imaging Technologies, which he led as VP from 2003 to 2010. More recently, he served as CEO of Pramantha Solutions, a government-focused data…
Ping Identity is gearing up for a planned IPO, announcing that it’s offering 12,500,000 common stock shares pursuant to a prospectus filing with the Securities and Exchange Commission. The company hasn’t yet set a date for its stock market debut, but says that its shares have been approved for listing on the New York Stock…