Gentex Announces Acquisition of BioConnect
Gentex Corporation (NASDAQ: GNTX) introduced right now that it has acquired Toronto-based BioConnect, a pacesetter in biometric authentication options. The firm gives a market-leading, multi-modal authentication software program platform for the safety and entry management trade.
Gentex is a know-how firm and long-time provider of electro-optical merchandise for the worldwide automotive, aerospace, hearth safety, and medical industries. The firm is greatest recognized for automotive electronics, however continues to develop its capabilities in imaginative and prescient methods, sensing, AI improvement, biometrics, dwelling automation, and different sensible applied sciences.
BioConnect gives an enterprise biometric authentication & safety platform that verifies an individual’s identification throughout bodily, IoT and digital purposes. The result’s precise identification assurance, superior cybersecurity, and the safety of firm belongings, folks, knowledge, and IP.
“Biometric know-how is enjoying an more and more necessary function within the industries wherein we function, together with automotive, aerospace, medical, and sensible dwelling,” stated Gentex Chief Operations Officer and Chief Technology Officer Neil Boehm. “This acquisition not solely gives Gentex with a powerful foothold within the safety and entry management trade, but additionally the experience to proceed growing superior biometric options for the industries we at present serve.”
“We’re excited to mix our applied sciences and capabilities with these of Gentex,” stated Rob Douglas, BioConnect Founder and CEO. “Gentex’s engineering capabilities, software program experience, and high quality, high-volume electronics manufacturing is not going to solely assist us develop within the safety and entry management area but additionally increase into new platforms and industries.”
Gentex sees synergy between BioConnect and EyeLock, an iris biometric know-how obtained by Gentex within the buy of VOXX International earlier this yr. Under the management of Douglas, BioConnect and EyeLock personnel will work collectively to type Gentex’s Security & Access Control crew, which has already begun collaborating on methods to make the most of EyeLock {hardware} in BioConnect platforms in distinctive methods.
BioConnect at present has over 1,500 prospects throughout many regulated industries, together with knowledge storage, healthcare, monetary providers, schooling, and manufacturing. The firm has carved a distinct segment by offering holistic safety methods for IT knowledge facilities, with eight of the highest 10, US-headquartered knowledge facilities already using BioConnect to guard bodily entry to their extremely delicate operations.
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