November 11, 2015 -
VoiceTrust and USoft have merged to form BioTrust, a new company that offers multimodal biometric authentication technology through a combination of personal information and biometrics such as voice patterns or facial features .
According to the company, BioTrust addresses key authentication trends by reducing costs, improving security and user convenience, and integrating existing cloud-based solutions.
The company’s technologies include voice and face recognition for caller authentication, account recovery and self-service applications, and its proprietary Proof-of-Life solution, which is used to validate pension payments.
“This merger brings together over 25 years of experience in 10 offices, four research and development locations on five continents,” said Patrick Dekker, CEO of BioTrust. “By matching VoiceTrust’s world class biometrics expertise with USoft’s multi-sector business application experience, we are uniquely positioned to serve increased demand in authentication solutions.
“We will grow our footprint through an ambitious buy-and-build strategy, which combines organic growth with acquisitions that will bring additional best-in-class IP, further strengthen our solutions in the finance, healthcare, travel and government sectors and drive increased overall revenue.”
The multimodal biometrics firm is backed by Ramphastos Investments, which accounts for the majority of the 80 million euros (US$85.8 million) currently invested in BioTrust.
In addition to benefiting from in-house research assets, BioTrust partners with leading international research partners such as Computer Research Institute of Montreal (CRIM).
BioTrust has development centres in the Netherlands, Germany, UAE and Serbia, from which it produces an extensive line of solutions, including a complete product suite that benefits from the combined strengths of the merged companies.