May 15, 2013 -
Cross Match Technologies has announced the creation of “Cross Match Ventures,” a business unit dedicated to the development and commercialization of emerging technological innovations in the biometric and identity management markets.
“The creation of Cross Match Ventures demonstrates our commitment to partner with other biometric industry organizations to develop and commercialize innovations and accelerate their adoption to the benefit of the industry as a whole,” CEO David Buckley said. “There are numerous innovative approaches to industry challenges, and new opportunities are emerging on what seems like a daily basis. We believe there is unique opportunity here.”
According to the company, the new venture incubator will leverage Cross Match investments in technologies and solutions with those of strategic partners to address the emerging and developing needs around biometric identity management. By forming strategic partnerships and relationships to resource and foster rapid concept and application development, the new venture seeks to bring to market timely biometric identity management solutions that drive value.
Glenn Hickok has been appointed to head up the new business unit. Hickok was previously head of global sales and Cross Match and will transition to the new role immediately.
Reported previously, the company recently announced that a custom version of its L SCAN 500P palm scanner has been delivered to NEC for deployment by the Japanese national law enforcement agency.