NexID Biometrics acquisition finalized
NexID Biometrics has extensive experience from processing and analyzing fingerprint images, and will become a vital part of Precise Biometrics research and development, strengthening the company`s position with competitive advantage, and creating opportunities for growth in the fingerprint technology market.
The acquisition gives Precise Biometrics access to liveness detection software that stems from over 10 years of research by scientists on biometric spoof mitigation and a close working relationship with Clarkson University, one of the leading authorities in biometric research.
Precise Biometrics will continue NexID Biometrics’ close working relationship with Clarkson University, one of five universities in the US Center for Identification Technology Research (CITeR), with a research program that focuses on biometric vulnerabilities and intelligence.
NexID Biometrics founder Stephanie Schuckers is the current director of CITeR, and has taken on a role as advisor to Precise Biometrics on matters such as strategic direction and product development.
“The combination of organizational resources and technologies will make for a strong contribution to the biometric authentication industry, including greater convenience and security for consumers making mobile payments with their smartphones,” said Dr. Schuckers, NexID Biometrics founder and Clarkson University faculty member.
Precise will integrate the company, and its three full-time employees, into its fingerprint technology business area.