Canadian voice biometrics firm VoiceTrust and business application software firm USoft have merged to create a major new biometrics player called BioTrust.While some 80 million euros (US$85 million) has already invested in the new firm, it also boasts clients including DHL, ITV and leading global financials and healthcare players covering 1.5 million users.The new firm, BioTrust, will offers multi-modal biometric authentication technology including voice patterns or facial features to authenticate users.Its applications include voice and face recognition for caller authentication, account recovery and self-service applications and its proprietary Proof-of-Life solution, used to validate pension payments.”This merger brings together over 25 years of experience in 10 offices, four research and development locations on five continents,” says Patrick Dekker, CEO of BioTrust. “By matching VoiceTrust's world class biometrics expertise with USoft's multi-sector business application experience, we are uniquely positioned to serve increased demand in authentication solutions. We will grow our footprint through an ambitious buy-and-build strategy, which combines organic growth with acquisitions that will bring additional best-in-class IP, further strengthen our solutions in the finance, healthcare, travel and government sectors and drive increased overall revenue.”BioTrust enjoys solid financial backing. Ramphastos Investments, the investment vehicle of Dutch entrepreneur Marcel Boekhoorn, accounts for the majority of the 80 million euros currently invested in BioTrust. BioTrust matches the profile of the companies in which the entrepreneur has expressed interest. Mr. Boekhoorn seeks to invest in innovative companies with a unique market position and global growth potential – companies that owe their existence to a strong underlying trend
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