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South Korea’s Hancom invests, gets Facephi biometrics APAC distribution deal
March 25, 2024, 3:32 p.m. | Chris Burt
Biometric Update www.biometricupdate.com
An investment agreement between Facephi and South Korea-based software company Hancom gives the latter exclusive licensing rights to Facephi’s biometric technology in the Asia-Pacific region, and allows it to make equity investments in the Spanish face, fingerprint, iris and voice biometric authentication provider.
The investment agreement was signed Monday by Hancom CEO Yeon-soo Kim and FacePhi CEO Javier Mira. Hancom becomes the second-largest shareholder in FacePhi, and plans to sell Facephi’s biometrics as white-labelled products under its own brand. This …
apac asia authentication biometric biometrics biometrics news deal distribution equity exclusive face biometrics facephi facial recognition fingerprint investment investments iris korea licensing monday pacific rights software south south korea spanish technology trade notes voice
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