Precise Biometrics finalises NexID Biometrics acquisition
10 February 2017 15:18 GMT

Swedish fingerprint Precise Biometrics sensor and software firm has finalised its purchase of US-based liveness detection specialists NexID.

Precise Biometrics, which revealed plans to purchase the company in December for $1.6 mn, has said the move will enable it to expand its offering of fingerprint recognition software with industry leading liveness detection.

This will “provide competitive advantages, strengthen the company´s position as the leader in fingerprint software and create further conditions for growth in the booming market for fingerprint technology”, added the company.

NexID Biometrics turnover for 2016 was 2.2 million SEK, showing a minor loss. The company will be integrated in Precise Biometrics business area Fingerprint Technology, including three full-time employees.