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Border Security among topics at SIA Government Summit

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03/11/2014

WASHINGTON—The 2014 SIA Government Summit, hosted by the Security Industry Association, will examine some of the border security and immigration projects being developed in conjunction with homeland security initiatives, according to a news release from SIA.

Verint’s latest deal may impact security business, eventually

Verint to buy KANA software for $514 million
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01/14/2014

MELVILLE, N.Y.—Verint’s Jan. 6 agreement to acquire KANA software for $514 million will not directly impact Verint’s video surveillance and physical security business immediately, but there may be some integration of KANA capabilities into the Verint’s video intelligence business at some point.

Fingerprint biometrics gives hospitals more security choices

Tyco’s popular hospital security system integrates with Entertech
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12/13/2013

WESTFORD, Mass.—Users of Software House’s C-Cure 9000, the security and event management system popular at hospitals, can now add another layer of security with the addition of Suprema fingerprint readers.

Verint to acquire Victrio

Adds voice recognition, fraud detection to security offerings
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10/29/2013

MENLO PARK, Calif.—When you hear “This call may be recorded for quality assurance,” chances are good that Verint is behind it. With the Oct. 29 acquisition of Victrio, Verint’s call data can now help protect customers from fraud by using advanced voice biometric technology.

Physical security market to reach $85 billion by 2018

New applications for video surveillance, biometrics and access control expected to drive growth in North America
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09/10/2013

PUNE, India—Demand among government agencies, large enterprises and tech establishments is expected to push the global physical security market, currently worth about $55 billion, to a value of $85 billion by 2018, according to a new report by the research company MarketsandMarkets.

With $5M, FST21 America wants to up U.S. distribution

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08/29/2013

SOUTHBOROUGH, Mass.—Biometric security company FST21 America has raised $5 million for facial- and voice-recognition surveillance systems, and hopes to use the money to increase distribution in the United States, various news organizations report. 

SIA: Biometric ID cards 'sound policy' for immigration

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06/12/2013

WASHINGTON—With immigration reform gaining momentum in Congress, the Security Industry Association is calling on lawmakers to approve biometrics on identity cards to ensure the highest level of security at U.S. entry points.

Biometrics turns inward, shifts security focus to knees

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01/29/2013

SOUTHFIELD, Mich.—While biometrics is often associated with fingerprints, iris recognition and voice identification, a new trend could involve identifying people by their kneecaps, according to EurekaAlert, an online science news service.

San Fran PE firm buys big biometrics company

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Wednesday, July 25, 2012

Cross Match Technologies, one of the largest providers of biometrics, has been acquired by PE firm Francisco Partners.

I spoke to David Buckley, when he was named CEO of Cross Match in March 2011.

At that time, he said his goal with the company was to “continue the evolution of the company from being just a technology player into providing a full set of solutions for the customer.”

Buckley is traveling until mid-August, but I’m hoping to speak to John Hinmon, who’s in charge of marketing and some M&A activity at the company.
I’ve left a couple of messages for Tom Ludwig COO at Francisco Partners, but haven’t heard back yet. The company web site says the group provides "transformational capital for technology companies."  

It has 55 portfolio companies I didn’t notice any other physical security companies when I glanced at their list of investments.  The FP statement notes the Cross Match has “secured significant contracts with the most discerning government clients.”  

Cross Match, which makes fingerprint, palm and full hand scanners, facial recognition, iris scanning, document readers and biometric software, has contracts with DoD and DHS among others. In the private sector side,  Cross Match works in hospitality, gaming and financial services. It has 400 employees, 5,000 customers worldwide and over 250,000 products deployed in over 80 countries

Founded in1996 and based in Palm Beach Gardens, Fla., Cross Match also has offices in Washington D.C., Quebec and in Jena, Germany. It does cross-engineering with its office in Germany and has several partners it works with in Asia.

Terms of the deal were not released.

 

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