corporate news

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…

Khazanah Nasional Adds SenseTime and Tencent Execs to Board

Khazanah Nasional Adds SenseTime and Tencent Execs to Board

“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 Gets New CEO

NuData Gets New CEO

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…

Tokenization Platform Sequent Looks to Expand with New VP of Sales

Tokenization Platform Sequent Looks to Expand with New VP of Sales

Neil MacDonald is taking over as Sequent’s new Vice President of Sales and General Manager for Europe, the Middle East and Africa (EMEA). Sequent is a data security specialist with a platform that tokenizes Personally Identifiable Information (PII). The process makes that information useless to hackers and other cybercriminals, and can be used to protect everything from bank accounts to…

Ipsidy Scores $3.1 Million in Latest Funding Round, Prepares for Uplisting

Ipsidy Scores $3.1 Million in Latest Funding Round, Prepares for Uplisting

“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…

NEC and Samsung Create Joint 5G Sales Team

NEC and Samsung Create Joint 5G Sales Team

NEC and Samsung are forming a joint marketing team in an effort to accelerate the development of the 5G ecosystem. The team will specifically target the European and APAC markets, and will focus on the delivery of IT services and 5G products that will appeal to international telecom providers. The members of the team will…

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