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UMANICK secures new investment

Categories Biometrics News  |  Trade Notes

UMANICK announced that IT sector business angel from Germany, Joachim Keck and the Dutch investment company EMECA, B.V. have invested in the company through a mix of capital contribution and a loan on favorable terms, totaling €600.000.

In a statement from the company, Keck commented that “the rapid growth experienced by the world biometrics market and its potential, as well as the experience and professionalism of the management team of UMANICK” led him to invest. Heinz Pichler, Director of EMECA, said he was influenced by the biometric software developed by UMANICK, the growth in the eHealth sector and the fact that the Spanish government has created a friendly environment for foreign investment in the IT sector.

“The investment of the new partners in our company is a boost of confidence in the UMANICK’s project,” said Emilio Gallego, CEO of UMANICK. “They will also contribute with their knowledge of both business management and international markets, to a project that was already born and is developing with a global vision.”

“UMANICK had already managed to show initial traction with customers where our products are installed and running,” Gallego continued. “The funds provided now will allow the company to hire more professionals and to acquire other resources to develop its business more quickly, to climb faster on the market.”

Joachim Keck will join the Board of Directors of UMANICK along with the two founding partners, Emilio Gallego and Ilko Garcia.

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