The new venture incubator will leverage Cross Match investments in technologies and solutions with those of strategic partners to address the emerging and developing needs around biometric identity management.
Palm Beach Gardens, Fla. – May 15, 2013 -- Cross Match Technologies, Inc., a world leader in biometric identity management and technology solutions, announced today the creation of Cross Match Ventures, a business unit dedicated to the development and commercialization of emerging technological innovations in the biometric and identity management markets.
The new venture incubator will leverage Cross Match investments in technologies and solutions with those of strategic partners to address the emerging and developing needs around biometric identity management. By forming strategic partnerships and relationships to resource and foster rapid concept and application development, the new venture seeks to bring to market timely biometric identity management solutions that drive value beyond their initial business case.
“The creation of Cross Match Ventures demonstrates our commitment to partner with other biometric industry organizations to develop and commercialize innovations and accelerate their adoption to the benefit of the industry as a whole,” commented David Buckley, CEO of Cross Match. “There are numerous innovative approaches to industry challenges, and new opportunities are emerging on what seems like a daily basis. We believe there is a unique opportunity here.”
Cross Match has appointed Glenn Hickok as president of the new business unit. Mr. Hickok was previously head of global sales at Cross Match, and will transition to his new role immediately. “Glenn’s entrepreneurial spirit and deep industry knowledge makes him an obvious choice to drive this this new endeavor. His experience in biometrics ensures that this forward-thinking unit will provide immediate value to customers around the world.” added Mr. Buckley.