corporate news

HID Global Finalizes De La Rue ID Acquisition

HID Global Finalizes De La Rue ID Acquisition

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…

Aware Announces High Profile Executive Appointment

Aware Announces High Profile Executive Appointment

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 VP of…

HID Global to Acquire RFID Components Supplier

HID Global to Acquire RFID Components Supplier

HID Global has established an agreement to acquire LUX-IDent, an RFID components supplier based in the Czech Republic, the company has announced. The Czech firm designs and manufactures RFID components including inlays, prelaminates, key fobs, and glass transponders, among others; and its solutions range across Low Frequency, High Frequency, Near Field Communication, and RAIN RFID…

Nuance’s Automotive Spinoff Makes Market Debut

Nuance’s Automotive Spinoff Makes Market Debut

“…the company noted that its AI solutions are already being used in almost 300 million vehicles, from brands including Audi, BMW, Daimler, Ford, Geely, GM, SAIC, and Toyota, among others.” Cerence has officially spun off from its parent company, Nuance Communications, having become a standalone connected car solutions specialist on October 1st. The official spinoff…

Former IDEMIA Exec Appointed Aware CEO

Former IDEMIA Exec Appointed Aware CEO

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…

Yubico Hires New SVP to Develop YubiHSM Business

Yubico Hires New SVP to Develop YubiHSM Business

Yubico has announced that Wendy Spies will be taking over as the company’s SVP of New Business. Spies arrives after a stint at Microsoft, where she led business development for new cloud and AI products. Her role at Yubico will be similar, with an early emphasis on YubiHSM. To that end, Spies will leverage more…

FacePhi Gets €4M From Swiss Investment Firm

FacePhi Gets €4M From Swiss Investment Firm

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…

HID Global Acquires PKI Certificate Specialist HydrantID

HID Global Acquires PKI Certificate Specialist HydrantID

“In announcing the acquisition, HID Global framed HydrantID’s platform as a complement to its own IdenTrust digital certificate platform.” HID Global has made its latest strategic acquisition, with Salt Lake City-based HydrantID coming into the fold. The latter specializes in offering Public Key Infrastructure (PKI) solutions, primarily revolving around the issuance of digital certificates for…

ID R&D Looks to Boost Sales with Trio of New Executives

ID R&D Looks to Boost Sales with Trio of New Executives

ID R&D has added a trio of new executives to its team. The company has announced that Steve Cook has signed on as the new Global Head of Business Development, while Kim Martin has joined as the new VP of Marketing and Scott Rosenthal is stepping in as the new Director of Sales, Financial Services.…

SEC Filings Pave Way for Nuance Automotive Spinoff

SEC Filings Pave Way for Nuance Automotive Spinoff

“Cerence will build on Nuance’s robust foundation of voice- and Artificial Intelligence-based technology solutions for vehicles, capitalizing on growing market excitement around smart and connected car technologies.” Nuance Communications has officially filed its Form 10 Registration Statement with the US Securities and Exchange Commission for the spinoff of its automotive division, marking the latest important…

Goodix to Acquire NXP’s Voice and Audio Tech Business

Goodix to Acquire NXP’s Voice and Audio Tech 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 CEO Highlights Three-pronged Progress in Q2 Update

Precise Biometrics CEO Highlights Three-pronged Progress in Q2 Update

“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…

Broadcom to Buy Symantec’s Enterprise Security Business for $10.7B

Broadcom to Buy Symantec’s Enterprise Security Business for $10.7B

Chipmaker Broadcom has entered into an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion. The deal is part of a larger effort on Broadcom’s part to diversify its business, with the company aiming to become a leading global provider of IT infrastructure solutions across both hardware and software. The acquisition…

Nuance Names Automotive Spinoff and its Board Members

Nuance Names Automotive Spinoff and its Board Members

Nuance Communications has unveiled several new details about its forthcoming automotive spinoff, including the company’s name: Cerence Inc. will become its own corporate entity on October 1st. In announcing the new brand name, Nuance explained that “Cerence” is an invented word that nevertheless has linguistic associations with intelligence and cognition. Further emphasizing the company’s focus…

Jumio Posts Record Q2 Results

“Our focus on verification accuracy, speed and innovation is helping us meet the needs of modern enterprises who need a reliable means of proving that someone is who they claim to be online.” Jumio is celebrating the largest sales quarter in the company’s history after sales jumped 45 percent over the same quarter one year…

What to Expect from Nuance’s Q3 Results

What to Expect from Nuance’s Q3 Results

Nuance Communications will publish its third quarter results for 2019 on Wednesday, August 7th, the company has announced. The results will be issued after market close, and will come alongside a copy of prepared remarks for shareholders. The results will follow an important corporate development, with Nuance having announced in June that it had established…

Experian Announces New Product Management Head

Experian Announces New Product Management Head

Experian is looking to build its profile in the identity authentication space. The company has announced that EK Koh will be stepping up as the new Senior Vice President of Product Management for Global Identity & Fraud Solutions, bringing more than 20 years of product management experience to the position. “Being able to resolve, identify…

IDEX Biometrics Appoints New Directors of Sales for Europe

IDEX Biometrics Appoints New Directors of Sales for Europe

‘“I am delighted to welcome Pascal to the team,” said IDEX Sales and Marketing SVP David Orme…’ IDEX Biometrics has named Pascal Dufour as its new Director of Sales for Europe, the Middle East, and Africa (EMEA). Darfour officially took over the role on July 9th, and brings more than 25 years of experience to…

Nxt-ID Board Approves IoT Payments Spinoff

Nxt-ID Board Approves IoT Payments Spinoff

“At its outset, PartX’s platform revolves around the tokenization of payment card details, which helps to secure digital transactions.” Nxt-ID, the parent company of wearable payments specialist Fit Pay, is launching a spinoff subsidiary that will manage its IoT payments activities. The spinoff, which was recently approved by Nxt-ID’s Board of Directors, will be called…

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