Precise Biometrics enters extended licensing agreement with an existing sensor customer that guarantees license revenues of minimum 17.5 million SEK

Precise Biometrics, a leader in fingerprint software, has entered an extended software license and distribution agreement with an existing sensor customer that guarantees total license revenues of a minimum of 17.5 million SEK during 2017 and 2018 for the use of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.   

Precise Biometrics to acquire the business of NexID Biometrics – adding liveness detection to its industry leading fingerprint software solutions

Precise Biometrics, a leader in fingerprint software, has entered into an agreement to acquire the assets of NexID Biometrics, a specialist in spoof mitigation and liveness detection solutions for the biometric authentication industry, for 32 million SEK in cash. The acquisition will enable Precise Biometrics to rapidly expand its offering of fingerprint recognition software with liveness detection, significantly increasing security and addressing customer demand for fraud mitigation. The acquisition will create further conditions for growth in the fast developing market for fingerprint technology. Precise Biometrics intends to finance the acquisition through a private placement of shares to be implemented as soon as possible.