Qualcomm launches upgraded mobile platforms, offers $11B in senior unsecured notes

Earlier this month, Qualcomm launched two new upgraded versions of its Snapdragon 500 series, the company’s upper-midrange and midrange mobile platforms featuring machine-learning capabilities, according to a report by Market Realist. Snapdragon 630 and 660 platforms succeed the Qualcomm ’s Snapdragon 626 and 653 platforms. During the company’s recent fiscal 2Q17 earnings call, Qualcomm CEO Steve Mollenkopf said that the Snapdragon 600 series would be featured in more than 200 devices and designs, while its 400 series would be featured

Veridium biometric authentication software verified as Citrix Ready

Verdium announced that VeridiumAD, the company’s enterprise-ready multi-factor biometric authentication solution to be used in Microsoft Active Directory environments with new connectors for Citrix, is verified as Citrix Ready. To achieve the verification, VeridiumAD successfully passed a series of tests established by Citrix to ensure that it will work seamlessly to eliminate passwords for Citrix StoreFront and add biometrics as a second authentication factor to Citrix NetScaler. Launched in February, VeridiumAD is a primary authenticator that delivers password-free biometric authentication.

Nymi raises $15M in series B funding round led by GII Tech

Nymi, creator of the wearable authentication technology Nymi Band, has closed a US$15 million Series B round of funding. The funding round was led by new investor GII Tech from Dubai, along with participation from Nymi’s Series A investors, Relay Ventures and Ignition Partners. “This is an important milestone for Nymi,” said Karl Martin, founder and CEO of Nymi. “We have made significant progress in the last two years, delivering on our vision of wearable, Always On Authentication. This new

Integrated Biometrics says Crossmatch lawsuit is aimed at stagnating rapid growth

Integrated Biometrics released a statement stating that it believes a recent patent infringement lawsuit filed by Crossmatch against the company is a “frivolous and tactical strategy by Crossmatch to slow Integrated Biometrics’ rapid growth and presence in the biometrics market”. Earlier this month, Crossmatch filed a complaint in the United States District Court for the District of Delaware alleging that Integrated Biometrics’ FBI-certified scanners infringe Crossmatch patents 9,280,695; 7,203,344; 7,277,562 and 6,483,932. Integrated Biometrics said in the statement that it

Precise Biometrics reports Q1 2017 results with US$2.2M in net sales

Precise Biometrics has issued its interim report for Q1 2017 in which it reported net sales of SEK 19.2 million (US$2.2 million), compared to SEK 24.2 million (US$2.8 million) it reported for Q1 2016. As previously communicated, Precise’ sales during the first quarter were lower than in the previous year as a result of the ongoing market and customer transformation. Together with its investments in the business for growth, Precise experienced a negative total operating profit for the quarter. The

Bytes Systems Integration launches biometrics-as-a-service solution

South African IT services provider Bytes Systems Integration has launched cloud-based biometric solution BioVault, according to a report by IT Web. Bytes developed and hosts the new cloud biometric service, which enables financial services providers to access biometrics without the risk of an upfront capital investment, according to Nick Perkins, divisional director of identity management at Bytes. BioVault allows companies to rent devices for capturing biometric data, as well as demographic information, a photograph, a signature and relevant documentation —

BIO-key issues Q1 2017 financial results

BIO-key International issued financial results for Q1 2017, which saw the company’s total revenues increase 229 percent to $1.4 million compared to $0.4 million in Q1 2016. BIO-key achieved positive cash flow for the quarter from operating activities of $116,953 compared to the negative operating cash flow of ($661,558) in Q1 2016. The company’s net loss increased to $1,356,187 in Q1 2017 from $1,163,214 in Q1 2016. It attributes the increased net loss to non-cash expenses related to a $500,000

Biometrics Institute launches revamped annual industry survey

The Biometrics Institute has launched its revamped annual industry survey, which is aimed at providing individuals within the industry an opportunity to give their feedback on priority themes and areas. The survey asks members and key stakeholders to respond to 20 questions on the current status of the biometrics industry, expected developments in the next few years and attitudes towards key issues. The results help the organization, its stakeholders and its committees, to focus on the most important issues, regions

IDEX issues Q1 2017 results, holds general annual meeting

IDEX has issued the financial results for Q1 2017 in which it reported revenues of NOK 6.7 million (US$0.78 million), up from NOK 3.6 million (US$0.42 million) in Q1 2016. The company said it is making “significant progress on commercialization of its sensor solution for biometric cards.” IDEX developed a new biometric card with Mastercard which the company unveiled last month. The company recently completed two successful end-user trials in South Africa with supermarket retailer Pick n Pay and Absa

ImageWare named top 25 security firm, issues Q1 2017 financial results

ImageWare has been named by CIO Applications as one of the “Top 25 Cyber Security Companies for 2017”, based on an evaluation of the company’s GoVerifyID Enterprise Suite. The multimodal, multi-factor, end-to-end biometric platform seamlessly integrates with an enterprise’s existing Microsoft authentication ecosystem, ensuring quick deployment and providing a wide range of biometrics. The annual list of 25 companies is chosen by a panel of experts and members of CIO Applications’ editorial board to recognize and promote technology entrepreneurship. ImageWare’s