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PALM BEACH GARDENS, Fla., Dec. 12 (UPI) -- U.S. company Cross Match Technologies Inc. has made an equity investment in automatic identification authentication systems developer AssureTec Systems Inc.
Cross Match is a biometric identity solutions provider with identification technologies including fingerprint, palm, facial recognition systems and biometric software for governments and law enforcement agencies among others. In an effort to reach further into the identification authentication market the company announced the investment in AssureTec Systems.
"Our investment in AssureTec aligns with our business strategy to support leading biometric technologies that provide the smartest, most reliable and cost effective ID management solutions for our customers," Cross Match President and Chief Executive Officer James Ziglar said in a statement. "Biometrics have a permanent role in securing our borders and highly integrated document authentication software is essential to help combat identity fraud and forgery world-wide."
New Hampshire-based AssureTec develops passports, visas, driver's licenses and military IDs secure authentication systems. With the investment, Cross Match assumes a seat on AssureTec's board of directors.
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