“Together with Fulcrum Biometrics, LLC, we will expand our business beyond just palm vein authentication and offer a wider range of multi-modal biometric solutions that will deliver increased levels of accuracy and security, which both our North American and global customers are requiring.” – Michi Sugawara, President and CEO, Fujitsu Frontech North America
Fujitsu has acquired Texas-based biometric solutions provider Fulcrum Biometrics. The acquisition was conducted through Fujitsu Frontech Limited subsidiary Fujitsu Frontech North America.
Founded in 2002, Fulcrum Biometrics, LLC offers a number of biometric authentication solutions for applications such as background checks and criminal bookings. Fujitsu’s acquisition of the company means that going forward, it will offer solutions that combine Fujitsu’s PalmSecure palm vein scanning technology with other modalities such as facial, fingerprint, iris, and voice recognition.
Financial terms of the acquisition were not disclosed in a statement announcing the deal, but Fujitsu described the move as “a significant commitment” on its part “to strengthen its biometrics business in North America and global identity management markets, including multi-factor authentication mandates imposed by new state and federal laws regarding the ability of financial institutions and healthcare providers to share patient information.”
Commenting further, Fujitsu Frontech North America CEO Michi Sugawara said the acquisition “will further strengthen our competitiveness in a market where digital innovation is advancing at an unprecedented pace,” adding, “we will expand our business beyond just palm vein authentication and offer a wider range of multi-modal biometric solutions that will deliver increased levels of accuracy and security, which both our North American and global customers are requiring.”
With the acquisition now closed, Fulcrum Biometrics will continue to operate under the leadership of its current CEO, Ken Nosker, who described the deal as a partnership that “paves the way for both companies to excel as the leading providers of cutting-edge biometrics.”
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April 2, 2020 – by Alex Perala
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