Automated border control (ABC) specialist Vision-Box has a major new financial backer: Keensight Capital has acquired a minority stake in the company.
In a press release, Vision-Box asserted that the investment is meant “to accompany the exponential growth that the company has been facing since 2013.” And indeed, the market for Vision-Box’s solutions seems to have been expanding lately, with the company’s biometric screening technology having recently been contracted to help secure a major Schengen area border and to provide biometric screening for Danish immigration and border control. While European countries have lately been particularly interested in biometric screening and ABC technology in the wake of the ongoing immigration crisis, it is part of a larger upward trend expanding all over the world.
With a growing market at hand, Vision-Box has many growth opportunities ahead of it, and that’s where Keensight’s investment could offer a big boost. “As a renowned investor specialized in technology sectors, Keensight Capital is the ideal partner to help us to pursue our business growth in the coming years,” said Vision-Box Group Chairman Bento Correia.
CEO Miguel Leitmann added, “With our combined expertise applied to a high-quality product and services range, we intend to capitalize on sustained demand for secure and effective biometric identity processes in order to safeguard our global leadership in border control systems.”
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November 12, 2015 – by Alex Perala
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