Gemalto reports $867.4M revenue in Q2, 2017 outlook revision

Gemalto issued its preliminary H1 2017 results, which included reported revenue of €742 million (US$867.4 million) in Q2 2017, a 9 percent decrease at constant exchange rates compared to Q2 2016. For H1 2017, Gemalto profit from operations is in line with expectations at approximately €93 million (US$108.8 million). The company said that expects its Q2 2017 double digit decline for payment in Americas and SIM business to continue for the rest of the year. Fortunately, this decline will be

Gemalto exec discusses the 3M Identity Management Business acquisition

Earlier this week, Gemalto, a world leader in digital security, announced the closing of the acquisition of 3M’s Identity Management Business after approval by relevant regulatory and antitrust authorities. The 3M Cogent business has been recognized for delivering some of the most fastest, reliable, accurate and sophisticated biometric identification solutions in the world. Gemalto believes their strategic acquisition will round out their government service offerings by adding biometric technologies and more secure document features. 3M’s Identity Management Business will be

Gemalto’s acquisition of 3M’s Identity Management Business now complete

Gemalto has completed the acquisition of 3M’s Identity Management Business after approval by the relevant regulatory and antitrust authorities. This acquisition rounds out Gemalto’s Government Programs offering by adding biometric technologies and more secure document features. The deal also positions Gemalto to provide solutions for the growing commercial biometrics market. The Identity Management Business will be integrated into Gemalto Government Programs business. In 2016, the acquired business generated $202 million in revenue and an estimated $53 million in profit from

3M to exhibit facial recognition solutions at ISC West

In a Q&A interview with Security Sales & Integration, 3M global business manager Christopher Ede discussed how 3M will be exhibiting its facial recognition solutions, including its Live Face Identification System, at the upcoming ISC West exhibition in Las Vegas. Launched last September, 3M Live Face Identification System (LFIS) is a software only back-end system that conducts facial recognition analysis with a range of applications. The software is available in two product offerings, LFIS Core and LFIS Check SDK (Software

Gemalto enters into agreement to acquire 3M’s identity management business

Gemalto has entered into agreements to acquire 3M’s Identity Management Business for US$850 million. 3M’s Identity Management Business is comprised of 3M Cogent Inc., which provides a full spectrum of biometric solutions with a focus in civil identification, border control and law enforcement, and 3M’s Document Reader and Secure Materials businesses. 3M’s Identity Management Business is headquartered in the United States and present on three continents. The business is a trusted partner to governments, law enforcement, border control and civil

3M introduces Live Face Identification System

3M has introduced 3M Live Face Identification System, a facial recognition system designed to support public and private security teams tasked with keeping individuals safe. The system, which is both scalable and easily configurable, uses live video to match identities in real time. It automatically recognizes multiple faces simultaneously from live or imported footage in order to identify individual people from dynamic, uncontrolled environments. When the system finds a facial match in the database it immediately notifies any connected desktop

SIBA appoints Ella Schiralli and Michael Bruce to Board of Directors

The Secure Identity & Biometrics Association recently appointed Ella Schiralli, Federal Government Markets Manager at 3M Company, and Michael Bruce, Director at General Dynamics Mission Systems to its Board of Directors. Michael Dougherty, Chief Executive Officer of SIBA commented: “Ella and Michael bring a wealth of experience to our Board of Directors. SIBA is growing rapidly, and their input on our Board will help SIBA to build on its success in promoting substantive conversations between industry and government operators, in

Biometrics research, authentication, border security and fintech trending this week

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week. Research vendors One of the most popular articles this week concerned two new biometrics market reports by leading research vendors Goode Intelligence and Technavio. Goode Intelligence published a new report that predicts that by 2020 over 16 billion mobile biometric payment transactions will be made. Technavio also released a new report on biometrics in workforce management which discusses the key drivers and

Biometrics help 3M protect banking and financial institutions

3M has introduced several security solutions to strengthen authentication and control access at financial institutions, including biometric scanners, identity document readers and automated license plate recognition, according to a report by Credit Union Times. “At 3M, we understand the importance and benefit for our clients in working with one vendor to help create an effective and streamlined security program,” said Amy McKeown, commercial security segment marketer at 3M. “With our broad range of reliable, proven and flexible solutions, 3M is

3M demonstrated border identification products at recent BORDERPOL meeting

3M demonstrated its newest, mobile credential applications at the BORDERPOL North America meeting held last month in Washington, D.C. BORDERPOL bills itself as the only international nonprofit organization whose mission is to support and engage governments and international organizations worldwide to actively promote the facilitation of safe and secure legitimate international travel of people across air, land and sea borders while curtailing terrorists and organized crime, including human and sex trafficking. The tenets of BORDERPOL’s mission are grounded in the