RISHON LEZION, Israel—FST Biometrics will use a recent $15 million infusion from GMF Capital to continue to expand in the United States and into other new enterprise markets, according to CMO Arie Melamed Yekel.
TOKYO—In a bid that industry analysts told Security Systems News is intended to get Canon to increase its $2.8 billion offer for Axis Communications, Elliott Management, a New York hedge fund, increased its stake in Axis to 10.91 percent and has not yet sold those shares to Canon.
BOSTON—Steve Gorski, Scallop Imaging chief sales officer, called the University of Illinois Urbana-Champaign “a very loyal customer” that has increased the number of Scallop cameras over the past three years.
AUSTIN, Texas—Secure identity provider HID Global has acquired Quantum Secure, a provider of identity management software. Denis Hebert, HID Global CEO, told Security Systems News that the deal brings an important new capability to HID.