Precise Biometrics Acquires the Business of NexID Biometrics

Lund, Sweden – December 13, 2016 – 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. 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. Click here to read complete press release.