corporate news

Zwipe Bolsters Executive Team With Payments Sector Veteran

Zwipe Bolsters Executive Team With Payments Sector Veteran

Zwipe‘s executive team has a new appointee with considerable experience in the payments sector. Marcio Stervid, the company’s new VP of Strategic Partnerships and Alliances, comes to Zwipe from a previous role as the head of Strategic Partnerships for secure payment solutions provider AltaPay, a position he held for just under a year and a…

Thales, Gemalto Clear Another Hurdle in Merger Bid

Thales, Gemalto Clear Another Hurdle in Merger Bid

Thales and Gemalto have cleared another major hurdle as they race toward their desired merger: Thales’ acquisition of Gemalto has now been cleared by the Committee on Foreign Investment in the United States. The news comes soon after Thales’ and Gemalto’s announcement that they had received approval for the merger from investment regulators in Canada.…

Cryptocurrency Security Specialist Gets Reseller for MENA Market

Cryptocurrency Security Specialist Gets Reseller for MENA Market

“We are thrilled to continue to execute on our plan of indirect sales channels in specific, targeted markets and we feel that the potential in the Middle East and North Africa is outstanding given the current environment in cybersecurity and cryptocurrency security.” – Corby Marshall, CEO, Hilltop Cybersecurity Kelowna-based Hilltop Cybersecurity has established a reseller agreement with Twin-Soft for its…

BIO-key’s Share Offering Exceeded Expectations

BIO-key’s Share Offering Exceeded Expectations

“The results point to strong enthusiasm for BIO-key’s biometric technologies, which including fingerprint-scanning locks and identity management software for the enterprise.” BIO-key‘s share offering did better than expected, bringing in gross proceeds of $2.1 million. The move was announced last week, with BIO-key putting forward an underwritten offering of 1,200,000 shares of common stock together…

Hilltop Announces Letter of Intent for Major Order from Japanese Cryptocurrency Firm

Hilltop Announces Letter of Intent for Major Order from Japanese Cryptocurrency Firm

Cryptocurrency security specialist Hilltop Cybersecurity may soon have a big new client. The company has announced that it has received a letter of intent for an order valued at over $1 million. In a statement announcing the potential deal, Hilltop said it comes from Island Mining, a Japan-based firm “focused on cryptocurrency technology and cryptocurrency…

autonomous_ID Announced New Senior Advisor

autonomous_ID Announced New Senior Advisor

“I think that autonomous_ID has a technology platform that is perfectly timed and will truly transform how ‘the me’ interacts with connected things.” -Daniel Tu, Executive Advisor to the Chairman, autonimous_ID Biometric wellness and identification specialist autonomous_ID has a new expert on hand to advise senior management: Daniel Tu, the former group chief innovation officer of…

BIO-key to Raise Capital with New Share Sale

BIO-key to Raise Capital with New Share Sale

BIO-key is looking to raise some capital with a new share sale. The company has announced an underwritten offering of 1,200,000 shares of common stock, together with “warrants to purchase up to an aggregate of 900,000 shares” of common stock at a price of $1.50 per share, according to a statement. The warrants can be…

Hilltop Appoints ‘White Hat’ Hacker as CISO

Hilltop Appoints ‘White Hat’ Hacker as CISO

Kelowna-based Hilltop Cybersecurity has filled one of two empty posts left by an executive’s departure with an expert hacker. Pete Herzog is, of course, the ‘white hat’ variety of hacker – one who uses his expertise at overcoming digital security for good instead of evil. Herzog’s experience in this area, which includes working as a…

FinTech Solutions Provider Becomes Latest FacePhi Partner

FinTech Solutions Provider Becomes Latest FacePhi Partner

“…FacePhi has emerged as a leader in the Latin American market in particular, reporting a 307 percent year-over-year profit increase in its corporate update at the start of this year.” A new distribution partner should help to further extend FacePhi‘s reach in the Latin American market. The company has teamed up with Bantotal, a Uruguay-based…

Thales, Gemalto Make Progress On Regulatory Front Ahead of Merger

Thales, Gemalto Make Progress On Regulatory Front Ahead of Merger

Thales and Gemalto are reporting progress in their efforts to secure regulatory approval for their proposed merger. The companies have announced that they have attained investment regulatory approval in Canada. The news comes about a week after Thales’ announcement that it had extended the deadline for its acquisition offer of Gemalto. While the offer had…

Biometrics Industry Expert Steve Cook Becomes FaceTec VP

Biometrics Industry Expert Steve Cook Becomes FaceTec VP

“In a statement announcing Cook’s appointment, FaceTec emphasized his work consulting with banks on compliance with PSD2, the European Union’s major new payments regulation, and particularly its Strong Customer Authentication requirement.” A big new executive appointment could help FaceTec to promote its ZoOm facial recognition system in the Europe, Middle East, and Africa markets. Steve…

IDEX Biometrics to Present Q2 Update at Live Event on August 16

IDEX Biometrics to Present Q2 Update at Live Event on August 16

“…it’s fair to expect that the event will have a strong focus on biometric cards, which have become IDEX’s key focus in recent months.” IDEX will issue its Q2 update on August 16th, the company has announced. And it’s taking the somewhat unusual move of presenting its results in a live event at the Vika…

ImageWare Sees Substantial Improvement in Q2 Update

ImageWare Sees Substantial Improvement in Q2 Update

“In its statement, ImageWare also highlighted important business developments including its partnership established with Japan-based security solutions provider TwoFive in July…” ImageWare is on the upswing in its newly published fiscal results for Q2. Revenues for the quarter came in at $1.9 million, compared to $1.1 million in Q2 of 2017 – a 78 percent…

Thales Extends Gemalto Acquisition Deadline Amid Antitrust Investigation

Thales Extends Gemalto Acquisition Deadline Amid Antitrust Investigation

“Essentially, according to the new arrangement, the acceptance period will close two weeks after the deal attains all necessary regulatory approvals, and no later than March 31st, 2019.” Thales has dramatically extended the deadline for its acquisition offer for Gemalto. The move comes soon after the European Commission’s announcement last month that it would open…

HID Global Bolsters Executive Team with High Profile Appointments

HID Global Bolsters Executive Team with High Profile Appointments

“I am pleased that we have added top talent to HID’s senior leadership team and strengthened our ability to deliver on our exciting vision for the future.” – Stefan Widing, President and CEO of HID Global. HID Global has burnished its executive acumen with two high-profile new appointments. The company’s new VP and Citizen ID Business…

IDEX Chairman and Three Board Members Take Remuneration in Shares

IDEX Chairman and Three Board Members Take Remuneration in Shares

“All of the other board proposals put forward at IDEX’s AGM were also approved…” Members of IDEX‘s board of directors are demonstrating their confidence in the company with significant share acquisitions. The disclosure comes after the company’s annual general meeting on May 11th, in which it was resolved that board members could choose to receive…

ImageWare Sets Date for Q2 and H1 2018 Update

ImageWare Sets Date for Q2 and H1 2018 Update

ImageWare will publish its Q2 and H1 results on August 9th, the company has announced. The results will be published “shortly after the close of the stock market”, according to a statement. ImageWare’s announcement also noted that the market update will include its own “direct sales efforts as well as partner sales efforts” concerning its…

Synaptics, Dialog End Acquisition Talks

Synaptics, Dialog End Acquisition Talks

Synaptics and Dialog Semiconductor have ended their brief courtship, with the companies announcing that they have broken off talks about the latter’s potential acquisition of the former. In announcing the end of the negotiations, Dialog Semiconductor did not offer a reason; but a “source familiar with the matter” tells Reuters that Synaptics “balked at the…

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