Cross Match Technologies has made a strategic investment in privately-held AssureTec Systems, a developer and supplier of document authentication systems, as part of the company’s strategy to offer more complete solutions in the identity management space. The value of the investment wasn’t disclosed. Cross Match will obtain a seat on AssureTec’s board of directors. “Our investment in AssureTec aligns with our business strategy to support the leading biometric technologies that provide the smartest, most reliable and cost effective ID management solutions for our customers,” James Ziglar, president and CEO of Cross Match, says. “Biometrics have a permanent role in securing our borders and highly integrated document authentication software is essential to help combat identity fraud and forgery worldwide.” AssureTec’s authentication software identifies over 1,600 ID credential worldwide and then automatically applies document inspection tests for the particular document type.
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