Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -Technology stocks have been the big story in North American markets this year. The so-called FANG stocks (Facebook, Applie, Netflix and Google) have gained solidly over the year. But the tech shares that have really

SuperCom appoints new CFO and CIO, completes purchase of Prevision

Biometrics and identity solutions provider SuperCom has completed the acquisition of cybersecurity firm, Prevision Ltd. for $1.1 million in cash and a contingent annual earn-out of approximately $250,000 for the next four years. “This strategic, synergistic and accretive acquisition bolsters our value proposition with the ability to offer advanced Cyber Security services and capabilities as part of our comprehensive security solution,” said Arie Trabelsi, CEO of SuperCom. “Furthermore, we expect to leverage Prevision’s expertise to enhance the security levels in

SuperCom reports Q2 2015 financial results

Biometrics and digital identity solutions provider Supercom announced its results for the quarter and six months ended June 30, 2015. The company’s revenue increased by 24% to $15.4 million in the first six months of 2015, compared to $12.4 million it reported in the first six months of 2014. Meanwhile, its GAAP operating income increased by 8% to $3.9 million in the first half of 2015 compared to $3.6 million the previous year, while its non-GAAP operating income increased by

SuperCom awarded offender monitoring contract in Europe

SuperCom announced that its M2M division has been awarded a new contract with an undisclosed European government to deploy a new biometrics-based electronic monitoring solution. The biometric solution aims to develop a more comprehensive and transparent electronic surveillance platform to accurately track and monitor hundreds of enrollees in the country’s new probation program. PureSecurity Suite is an electronic monitoring and tracking platform which offers a range of features including secure communication, advanced security, anti-tamper mechanisms, voice communication, unique touch screens,

SuperCom to demonstrate mobile payments solutions at Mobile World Congress 2015

SuperCom will showcase its SuperPay suite of secure mobile payments solutions, including biometrics authentication, at the Mobile World Congress on March 2-5 in Barcelona. SuperCom’s SuperPay is a full suite of solutions ranging from mobile wallet to mobile POS which use a set of components and platforms to enable secure mobile payments and financial services. The suite allows customers to securely make payments using any mobile device – including smartphones, tablets or traditional 2G/3G handsets — while allowing merchants to

SuperCom to implement biometric visa, e-passport, and e-gate national security systems for “fast-growing country”

SuperCom announced it has implemented a high-scale national security e-government contract, which consists of a biometric visa, e-gate, e-passport and resident identification system, for an undisclosed country with a “fast-growing economy”. The biometric visa is a decentralized range of biometric enrollment visa systems in embassies around globe, which will greatly reduce the processing time to issue a visa to just a few hours. The overall impact will bring an abundance of foreign expertise and knowledge into the country while identifying

SuperCom presenting mobile money solutions at Cartes Secure Connexions 2014

SuperCom announced it will be presenting its e-government, mobile payment and mobile money solutions at the payment, identification and mobility conference Cartes Secure Connexions 2014 in Paris on November 4-6. At Cartes Secure Connexions 2014, SuperCom will demonstrate Magna – e-Government OnePlatform Solution, PureConnect – Internet Of Things Suite, PureMoney – Mobile money and banking services platform, and SuperPay – Secure Mobile Payment Hybrid Suite. Cartes Secure Connexions Conference is designed to facilitate exchange on the latest developments in the

SuperCom reports new orders, worth more than $4M

SuperCom has announced that it has received new orders totaling more than $4 million. The company, which specializes in eID security systems and electronic monitoring, expects to deliver these orders in the first half of 2014. “I am very pleased with these new orders as it represents the realization and the potential in our proposals and bids pipe line,” Arie Trabelsi, CEO of SuperCom said. “It also underscores the outstanding cooperation and the smooth integration that the newly acquired SmartID division

SuperCom to acquire SmartID division from OTI

SuperCom, a provider of eID security systems and electronic monitoring solutions has signed an agreement with On Track Innovations to acquire its SmartID division, including its employees, all contracts, software and other related technology, patents and IP assets. SuperCom will pay $10 million, with an earn-out mechanism of up to a further $12.5 million, subject to performance criteria and milestones. According to SuperCom, in 2011 and 2012, the OTI’s SmartID division’s average annual revenue was approximately $20 million. “We are very pleased