FB pixel

Biometrics fuelling growth for Australian security firm

 

Australian security solutions firm MaxSec Group Limited has reported that it has achieved its fifth consecutive full year as a profitable company, fuelled by customer interest in biometric security solutions and growth in the US, Middle East and South East Asia markets, according to a report by ARN.

MaxSec’s overall revenues saw a 65% increase for 2015 from $3.14 million to $5.2 million.

Additionally, the company’s net profit after tax saw a 123% increase from $187,000 to $411,000.

The landmark year has already brought a number of first’s for MaxSec, including the opening of a new office in Dubai to cater to the Middle Eastern market, as well as a new set of standalone and integrated biometric security solutions.

The increase in attempted terrorism attacks over the 2012-2014 period has helped drive demand throughout the physical electronic security market and, as a result, Maxsec’s customers are now demanding a range of high security products including encrypted security card systems, multi-factor authentication (card, PIN and biometrics), and standalone verification and authentication biometric devices.

The company has named four new distributors in the past 12 months, which now includes Honeywell, NESS, Seadan, LSC, Transtech and SAT.

Meanwhile, the company’s system integrators now include Siemens, Schneider Electric and Secom, amongst others.

Maxsec’s customers currently include the Australian Federal Police, Qantas, several of Australia’s airports, the Australian Tax Office, ASIC, the Federal Government, the Metropolitan Police, the BBC, and the British Home Office.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

U.S. academic institutions get biometric upgrades with new partnerships

A press release says ROC (formerly Rank One Computing), which provides U.S.-made biometrics and computer vision for military, law enforcement…

 

Smart Bangladesh 2041: Balancing ambition with reality

Bangladesh aims to be a “Smart” nation by 2041 as the country goes through a drastic transformation founded on digital identity…

 

Nigeria’s NIMC introducing one multi-purpose digital ID card, not three

The National Identity Management Commission of Nigeria (NIMC) has clarified that only one new digital ID card with multiple functions…

 

Age assurance tech is ready now, and international standards are on their way

The Global Age Assurance Standards Summit has wrapped up, culminating in a set of assertions, a seven-point call-to-action and four…

 

NIST finds biometric age estimation effective in first benchmark, coming soon

The U.S. National Institute of Standards and Technology presented a preview of its assessment of facial age estimation with selfie…

 

Maryland bill on police use of facial recognition is ‘strongest law in the nation’

Maryland has passed one of the more stringent laws governing the use of facial recognition technology by law enforcement in…

Comments

7 Replies to “Biometrics fuelling growth for Australian security firm”

Leave a Reply to BiometricJustinCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events