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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.

 

SIA: Biometrics can cut fraud in Medicare, Medicaid

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07/03/2012

SILVER SPRING, Md.—Biometrics can reduce fraud in Medicare and Medicaid programs and provide assurance that patient information is protected, the Security Industry Association told the Senate Finance Committee on June 29.

Safran, L-1 merger gets final go-ahead

SSN Staff  - 
07/20/2011

PARIS—Safran has cleared the last hurdle in its acquisition of L-1 Identity Solutions, a Stamford, Conn.-based biometrics company, and expects to close the deal by the end of next week.

FST21 partners with HID for increased coverage, more secure access control

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12/15/2010

FRAMINGHAM, Mass.—FST21, a provider of intelligent controlled access and automation solutions and services, in early November announced a new technology partnership with access control provider HID for integration of its RFID technology into FST21’s intelligent building solution SafeRise.

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