TECH5, an innovator in biometrics and digital identity management, has announced its successful acquisition of Imageware, which will see a full integration of assets in biometric identification and authentication.
All property of Imageware, inclusive of contracts, software and intellectual technology, now belongs to TECH5’s portfolio.
TECH5 is a subsidiary of the TECH5 Group.
The statement acknowledged Imageware’s 36 years of trading as an independant vendor specialising in solutions for federal, law enforcement and public safety sectors, however the merge will consolidate their joint offering of state of-the-art biometric systems and help TECH5 calibrate to a US market.
TECH5 is looking to strengthen and expand its consolidation in North America by onboarding Imageware’s exceptional UI and accuracy-built technology and leveraging a global team of security experts.
TECH5 builds cutting edge NIST rated algorithms, state of-the-art biometric identification and authentication systems with more key IP than many companies in the identity space. The company said it will retain some visionaries from Imageware’s previous team structure and position services and support to its global customer base as the new owner of these assets.
Rob Haslam, TECH5’s Strategic Advisor commented on being a frontier of biometric system services, saying:
“This acquisition represents a strategic step for TECH5, strengthening its presence in North America, and bringing Imageware’s decades-long leadership to new geographies and new vertical markets via TECH5’s footprint”.
All staff including engineers, customer support, product management, sales and marketing, professional services, and administration will be kept on at the company under the new management.
Ultimately customers will be benefit from the combined expertise and technological excellence of these two companies.
Machiel van der Harst, CEO and Co-Founder of TECH5 expressed their long-standing partnership over many years. which will now strengthen the TECH5 business.
“TECH5 has been a partner of Imageware for many years, and we are very excited at this opportunity to combine the offerings and expertise of both companies to bring a richer and more comprehensive biometrics-based offerings to law enforcement, government, and enterprise customers on a global scale. The combined team extends the capabilities, know-how, and expertise that customers of Imageware have come to expect and rely on”.
Imageware’s technology and different patents will be used to model new technology products that maintain good standards of accuracy and functionality.
The statement continued to say that preparations to merge and strengthen the TECH5 business had been underway for the last 34 months with Imageware rebuilding their product portfolio.
TECH5 represents a strong vision and has a very upward market trajectory.
Co-founder, Chairman, and CTO of TECH5, Rahul Parthe said their market approach is “in line with what customers will require in terms of secure identity management, including critical digital ID”.
“With its innovative biometrics in capture and matching technologies, TECH5 is the ideal new home to build upon Imageware’s rich legacy in the law enforcement and federal market spaces, and will address the state and local, federal, and enterprise customer bases. For example, TECH5 intends to combine its Digital ID offering with the Imageware Authenticate product to deliver a comprehensive solution that can serve ALL – from developed, to developing, as well as underdeveloped countries”.
TECH5 are exhibiting at Identity Week Europe, America and Asia 2023.
