Vision-Box attracts investment from Keensight Capital
“As a renowned investor specialized in technology sectors, Keensight Capital is the ideal partner to help us to pursue our business growth in the coming years,” said Bento Correia, co-founder and chairman of the Vision-Box Group. “We look forward in working closely with the new team in order to materialize our key business ambitions, focused on deploying our ‘Happy Flow’ solutions for airport productivity and improved passenger experience on a worldwide basis.”
Created in 2001, Vision-Box designs, develops, manufactures and integrates biometric border control solutions, which expedites the customs process at borders while improving security measures.
Additionally, Vision-Box develops identity management solutions, such as its live biometric enrolment units, which generate the data contained in the electronic travel documents and are used in border control.
Vision-Box has grown significantly over the past few years, and Keensight Capital’s minority stake investment in the company will only help to further its expansion, which will be sustained by organic growth and product portfolio enhancement.
The company’s market share into international markets is locally supported by its seven subsidiaries distributed around growth regions.
In addition to maintaining its leading position in the border control segment, Vision-Box’s objectives will help drive the company to expand in scope and range within the electronic identity market.
“Vision-Box has talented and ambitious managers, and extremely promising fundamentals which will underpin its growth in the coming years,” said Jean-Michel Beghin, managing partner at Keensight Capital. “Given the projected rise in passenger numbers and, in a context of increasingly stringent safety requirements at borders in recent years, demand for solutions such as those offered by Vision-Box, which facilitate the continuous flow of passengers throughout airports while maintaining high security standards, will remain high.
Previously reported, Vision-Box designed and deployed a biometric border control solution that enables authorities to effectively monitor traveler clearance at the border entry and exit point of La Línea de la Concepción, a town in Spain situated on the British overseas territory of Gibraltar.