corporate news

Thales-Gemalto Merger to Move Forward With or Without Russian Approval

Thales-Gemalto Merger to Move Forward With or Without Russian Approval

Thales is now ready to move ahead with its acquisition of Gemalto, even if the merger has not obtained all of the global regulatory clearances yet. The companies have announced that Thales is waiving the Offer Condition pertaining to antitrust and foreign investment regulations in Russia, the last remaining country in which the merger has…

Jumio Targets Latin American Market with New Sales Office in Brazil

Jumio Targets Latin American Market with New Sales Office in Brazil

“The move is in keeping with Jumio’s recent push into Latin America…” Jumio is expanding its presence in Latin America with a new sales office in Brazil. The expansion effort will be led by newly appointed Regional Director Samer Atassi, who brings more than 25 years of strategic planning and international sales experience to the…

Court OKs DoJ’s Merger Clearance for Thales and Gemalto

Court OKs DoJ’s Merger Clearance for Thales and Gemalto

“The companies say that together with the antitrust and foreign investment clearances they have received from authorities in Australia, Canada, China, the European Union, Israel, Mexico, New Zealand, South Africa, and Turkey, as well as the CFIUS, they now have 12 of the 14 regulatory approvals needed for their merger.” Only two more regulatory clearances…

Thales, Gemalto Obtain DoJ Clearance for Merger

Thales, Gemalto Obtain DoJ Clearance for Merger

“The approval is dependent on Thales’ agreement to sell off its Hardware Security Modules business, a condition that was also set by other regulatory authorities, perhaps most notably the European Commission.” Thales and Gemalto are now on the cusp of sealing the deal for their proposed merger: The companies have announced that Thales’ offer to…

IDEMIA Announces Secure Enterprise Transactions Division

IDEMIA Announces Secure Enterprise Transactions Division

“The company’s Financial Institutions, Connected Objects, and Mobile Operators divisions are all joining together to form the Secure Enterprise Transactions, or SET, division.” IDEMIA has announced further changes to its corporate structure, a little over a year after its last major overhaul. Essentially, the changes comprise the consolidation of three previously discrete business units. The…

Blockpass Teams Up With Blockchain Advisory

Blockpass Teams Up With Blockchain Advisory

Hong Kong’s Blockpass IDN has joined forces with Malta’s Blockchain Advisory (BCA) to develop a new blockchain ecosystem that will help set regulatory standards for the emerging digital landscape. The BCA is a group of tech regulatory specialists that has been pioneering blockchain policy with the Maltese government, while Blockpass is a digital identity application…

Onfido to Open Paris Office as Part of €4M Expansion Effort in France

Onfido to Open Paris Office as Part of €4M Expansion Effort in France

Onfido has announced plans to open a new office in Paris as part of a larger growth effort in France. The news comes in the same week as Onfido’s announcement of a partnership with France-based identity solutions giant IDEMIA, with the latter seeking to enhance its portfolio of online authentication solutions with Onfido’s document verification…

IDEX Intensifies China Focus with Latest Biometric Cards Partner

IDEX Intensifies China Focus with Latest Biometric Cards Partner

“It’s beyond doubt that the market for biometric cards will ramp significantly in 2019. During the second half of 2018 a vast range of card integrators have geared up their efforts to commercialize biometric cards which will provide simple, secure and personal authentication for all. We see especially strong pull in China, and we are…

IDEX Biometrics Completes Private Placement Worth NOK 214 Million

IDEX Biometrics Completes Private Placement Worth NOK 214 Million

IDEX Biometrics has completed a $25 million USD private placement, the company has announced. The NOK 214 million deal entailed the sale of 53,437,500 shares to existing shareholders including Invesco, Woodford Investment Management, and members of the company’s management team and board of directors. In a statement announcing the private placement, IDEX asserted that it…

ID R&D Expands into Silicon Valley

ID R&D Expands into Silicon Valley

“With the vast and increasing numbers of companies looking to ID R&D for zero-effort, voice and multi-modal biometric authentication, combined with unique anti-spoofing protection, we needed to expand in size and location to continue the tremendous growth we experienced in 2018.” – Alexey Khitrov, CEO, ID R&D New York-based ID R&D has expanded into Silicon…

ICBC Signs On for Another Three Years with Gemalto

ICBC Signs On for Another Three Years with Gemalto

China’s largest bank is sticking with Gemalto for its payment cards, with the latter announcing that ICBC has awarded it a three-year contract. The agreement concerns major card brands including Amex, China UnionPay, JCB, Mastercard, and Visa. In a statement announcing the agreement, Gemalto highlighted the popularity of payment cards in China, noting that almost…

NEC is Buying Denmark’s Largest IT Company

NEC is Buying Denmark’s Largest IT Company

NEC is buying a major European IT company in a bid to increase growth in its global safety business. The company announced that it has established a deal to acquire KMD, which it says is Denmark’s largest IT company. In a statement announcing the acquisition, NEC explained that it is part of its “Mid-term Management…

Precise Biometrics Chairman Purchases 150,000 Shares

Precise Biometrics Chairman Purchases 150,000 Shares

“Hellström’s stock purchase also comes in the wake of CFO Ulrik Nilsson’s purchase of 200,000 shares last month.” Precise Biometrics has just received a loud vote of confidence from its Chairman of the Board, Torgny Hellström. The company has announced that Hellström has purchased 150,000 shares in Precise Biometrics. The move comes at a time of significant change…

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales and Gemalto have cleared another two hurdles in their race to get approval for their proposed merger: The companies have announced that they have received clearances from the Australian Competition and Consumer Commission and Mexico’s Comisión Federal de Competencia Económica. The news comes only a week after the companies’ announcement that they had attained clearance from…

FaceTec Appoints New SVP Business Development

FaceTec Appoints New SVP Business Development

“We’re in the right place at the right time with the right technology, and now we’re building our business development team to match to our incredible dev team.” – Kevin Alan Tussy, CEO, FaceTec FaceTec has a new business development executive aiming to build up its activities on the west side of the Atlantic: Richard Lobovsky…

IDEX Biometrics Reveals ‘SmartFinger’ Branding

IDEX Biometrics Reveals ‘SmartFinger’ Branding

“Our SmartFinger fingerprint technologies are highly secure, customizable and deliver a strong biometric performance whilst ensuring an outstanding user experience.” – Stan Swearingen, CEO, IDEX Biometrics A longtime leader in the biometrics industry has finally given its fingerprint sensor solutions their own name: IDEX Biometrics has announced that the technology will be sold under the…

Thales-Gemalto Merger Gets NZ Approval

Thales-Gemalto Merger Gets NZ Approval

Thales and Gemalto have attained another clearance for their proposed merger, this time from the New Zealand Commerce Commission. The approval comes hot on the heels of one from the European Commission announced earlier this week. As in that case, Thales and Gemalto noted in a statement that the clearance has arrived “following Thales’s commitment to…

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”. Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back…

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