SAN FRANCISCO, Dec. 2 /PRNewswire/ -- Partech International, an international venture capital firm with more than 20 years of global investment experience, today announced the close of its Series A investment in IDesia, an Israeli-based biometrics technology company. The capital provided by Partech will continue to fund the research and development of IDesia's radical biometric technology, which leverages the body's natural Bio-Dynamic Signature (BDS(TM)) to enable new identification and security applications based on capabilities that only BDS technology can offer. In addition to the funding, Vincent Worms, Partech International co-founder and managing partner, will join IDesia's board of directors while Ami Amir, general partner at Partech International, will provide corporate support by serving as an observer to the company's board of directors.
"As an international center of innovation, the Israeli marketplace offers exciting new investments in cutting edge technologies, like IDesia, that complement Partech's diversified portfolio," said Vincent Worms, managing partner and co-founder of Partech International and an IDesia board member. "We believe that IDesia's novel biometric technology will be accepted in many areas of our daily lives, and we are pleased to support IDesia as they work towards meeting both near- and long-term goals."
IDesia's BDS technology is founded on the novel discovery that every person has an electro-bio signature that is unique to each individual and can be used to accurately identify any one person from all others. This BDS technology presents the potential to be far more reliable than traditional forms of identification, such as fingerprints, voice or face recognition. Unlike most biometric technologies, which use static images to identify a person, BDS is based on intrinsic electro-physiological dynamic signals acquired by merely touching a small conductive or metal surface. IDesia's BDS technology has features that no other biometric technology can offer, allowing a whole new dimension in biometric security.
"As we continue to develop our BDS technology, we will look to Partech for continued strategic guidance and support," said Baruch Levanon, CEO and chairman of IDesia. "Partech's investment will help further our development of revolutionary products that will offer the industry a new category of biometric solutions beyond what exists in the marketplace today."
IDesia plans to enter into several strategic partnerships with consumer electronics manufacturers, solution providers, service providers and system integrators to accelerate market penetration. Currently, IDesia is partnered with Aladdin Knowledge Systems, a major player in the digital security industry, that will bring BDS based, high end IT security solutions to the market forefront. Additionally, IDesia products will be available for original equipment manufacturers (OEMs) seeking BDS chip sets or IDesia enabled products, such as IDesia smart cards, individual biometrics keys and others.
About IDesia
IDesia provides human identification solutions founded upon biometric technology, which leverages the body's natural Bio-Dynamic Signature (BDS(TM)). The technology enables new identification and security applications based on capabilities that only IDesia can offer. IDesia's revolutionary technology will lead the biometric industry into mainstream acceptance, from homeland security to IT security, for commercial, virtual and physical access applications in the digital convergent microelectronic market of data, computing and communications. To learn more go to www.IDesia-biometrics.com.
About Partech International
Founded in 1982, Partech International is a leading global venture capital firm with $850M under management and offices in the U.S., Europe and Israel. Partech invests exclusively in Information Technology and the firm's internationally integrated team of investing partners work together closely to find the most innovative companies demonstrating high return potential and disruptive technologies in the Software & Internet, Communications & Components and Healthcare IT sectors. Partech has a unique 20+ year track record assisting its portfolio companies to become global market leaders. To learn more go to www.partechvc.com.
SOURCE Partech International
CONTACT: Christina Oropeza of Partech International, +1-415-788-2929, ext. 114, or [email protected]; or Denise Welch of Dotted Line Communications, +1-617-275-7083, or [email protected], for Partech International
