Innominds has bolstered its authentication portfolio through the acquisition of Nymi. The two companies announced the acquisition back in April. Nymi will be operating as a wholly owned subsidiary of the digital transformation specialist.
Nymi is based in Toronto, and it will continue to do business from Canada. Innominds, meanwhile, is headquartered in San Jose, and is aiming to package Nymi’s connected worker platform as part of a broader digital transformation portfolio for enterprise-level clients. Nymi itself is well known in the identity industry for the Nymi Band, a biometric wearable device that enables continuous authentication and contactless access control. The solution has proven to be particularly popular in the pharmaceutical and healthcare industries, and in large manufacturing facilities.
“The Nymi platform offers an elevated security and user experience option for our customers in a seamless, connected world,” said Innominds Chairman and CEO Divakar Tantravahi. “Enabling digital maturity requires making technology interactions easier for the end-user. Nymi provides a unique and compelling offering to do exactly that. Our customers will see accelerated benefits on their digital transformation journey that will lead to achieving strategic business outcomes.”
“Innominds has a rich history of driving innovation and digital transformation across industries,” added Nymi CEO Dave Rai. “We’re elated to be a part of a bigger team that can deliver a comprehensive breadth of solutions to our customers.”
Innominds has previously partnered with HID Global to provide clients with better predictive analytics. Nymi also added support for HID Global’s Seos credentialing system with the release of the third-generation Nymi Band back in 2020. That version of the Nymi Band would eventually obtain FIDO2 certification.
Nymi has conducted a survey that shows that people are becoming more receptive to the use of biometric security technology in the workplace. True Blue Partners served as Nymi’s financial advisor to help close the recent acquisition.