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 worlds most advanced ID authentication system for identity documents such as passports, visas, drivers licenses, military IDs, social security cards, and alien registration cards.
AssuerTecs 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 AssureTecs Board of Directors. Additional financing terms and conditions have not been disclosed.
For more information, please send your e-mails to swm@infothe.com.
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