Cross Match President and Chief Executive Officer, James W. Ziglar said, "Our investment in AssureTec aligns with our business strategy to support leading biometric technologies that provide the smartest, most reliable and cost effective ID management solutions for our customers. Biometrics have a permanent role in securing our borders and highly integrated document authentication software is essential to help combat identity fraud and forgery world-wide."
AssureTec makes the world's most advanced ID authentication system for identity documents such as passports, visas, driver's licenses, military IDs, social security cards, and alien registration cards. AssuerTec's patented authentication software automatically identifies over 1,600 ID credentials worldwide and then automatically applies document inspection tests for the particular document type. AssureTec has eliminated the manual selection required by most other authentication solutions.
Terms of the investment include Cross Match assuming a seat on AssureTec's Board of Directors. Additional financing terms and conditions have not been disclosed.
About Cross Match Technologies
Cross Match Technologies, Inc., headquartered in Palm Beach Gardens, Florida, is a leading global provider of biometric identity management systems, applications and enabling technologies to governments, law enforcement agencies and businesses around the world.
These solutions are used to capture and process the unique physical characteristics of individuals to establish and verify their identities. Offerings include fingerprint, palm and full-hand scanners, facial recognition systems, biometric software, iris scanning technology, document readers, and related services. Cross Match's international operations are managed from its offices in Jena, Germany. For more information visit www.crossmatch.com.
