SYDNEY-based Argus TrueID has acquired Queensland biometrics developer, Biometric Identity Systems, as part of a global mergers and acquisition strategy.
Argus TrueID, which was recently recognised by the AFR as one of Australia’s fastest growing companies, has been working in Australia and overseas to deliver biometric solutions across a range of industries, including the justice, retail, banking, childcare, and manufacturing sectors.
Ken Farrow, executive chairman Argus TrueID, said he was excited by the acquisition of BIS.
“BIS has long been recognised for its biometric expertise, particularly in justice and corrections sector.” Farrow said. “With the synergies that exist between the 2 organisations, it made sense to bring BIS into the Argus TrueID group.”
“We will continue to find new opportunities for biometrics solutions across a range of industries,” Farrow said. “Any challenge that requires certainty of identity can be solved with biometrics. Our focus is to continue to educate the market that, by placing identity at the centre of your organisation, we can help to reduce risk, improve processes, enhance the user experience, and most importantly, deliver bottom line cost savings.”
BIS will continue trading under its existing brand name, with the 2 organisations to collaborate closely on research and development, while looking to streamline operations across sales and other operational departments. Headquartered in Sydney, Argus TrueID has offices in the United Kingdom, Czech Republic, and United Arab Emirates.