ORLANDO, Fla. -- Sequiam Corporation, announced today that it has acquired Orlando-based Constellation Biometrics Corporation, a biometric hardware and software solutions company that serves both corporations and governmental agencies, with a customer list including Pitney Bowes, Banque Artesia, Ford UK, Siemens Business Systems, Standard Bank, Coca Cola Canners of South Africa, Royal Shell and Metropolitan Life with custom-written software solutions to create and integrate biometric technology.
Sequiam Corporation issued a total of 1,635,514 shares of its common stock to Constellation shareholders in exchange for all of the issued and outstanding shares of Constellation, which will now operate as a wholly-owned subsidiary of Sequiam Corporation, and will be known as Sequiam Biometrics. The shareholders of Constellation on June 7, 2005 unanimously approved the transaction, made effective as of May 31, 2005.
Sequiam Corporation also announced that Kevin Henderson, President of Constellation Biometrics Corporation has been appointed President of Sequiam Biometrics. Mr. Henderson was formerly the President of Houston-based Bioidentix, Inc and has appeared as guest host on the syndicated radio show "CPU" for NBC Radio.
Nick VandenBrekel, CEO of Sequiam Corporation said, "Kevin is an accomplished IT executive with very strong credentials in the biometrics industry. He has developed numerous biometric, smart card and software products over the course of his career. I have every confidence that Kevin will help guide Sequiam Biometrics towards its goal of becoming the premier biometric development corporation in the United States."
