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News

Biometrics supplier invests in automatic identification systems.

Cross Match Technologies : 11 December, 2007  (Company News)
Investment in AssureTec enables Cross Match to develop its product range in the ID management market.
Cross Match Technologies has announced that the Company has made an equity investment in AssureTec Systems, a developer of automatic identification authentication systems.

Cross Match President and Chief Executive Officer, James 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.
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