IDEX expecting 3-year, multimillion-dollar commitment from global IT provider

IDEX Biometrics revealed today that it soon expects to enter into an agreement with a global IT provider to the financial markets to upgrade its existing biometric security solutions.

The agreement includes a multimillion-dollar commitment for IDEX’s SmartFinger IDX 3200 dual-interface sensors, enhanced with advanced security features, and will be delivered over the next three years. IDEX unified its fingerprint identification and authentication technology, including sensors and modules, under the SmartFinger name last December.

The company notes that more information will be provided once both parties sign the agreement.

Last month IDEX announced changes to its technology leadership team to better reflect and focus the technology development at the company.

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