The Identity as a Service (IDaaS) company sells mobile biometric technology to reduce fraud, minimize risk and protect personal data in digital and physical transactions. Customers include governments, enterprises, membership organization and religious groups.
Shares of Long Beach, New York-based Ipsidy climbed 2.1%, to $0.10 in Monday’s late-afternoon OTC Markets trading.
Noftek, based in Atlanta and also operating in the Caribbean, helps companies adopt security practices in the areas of data protection and backup, compliance and risk mitigation.
The company will initially focus on selling Verified, Ipsidy's mobile biometric authentication product.
"Ipsidy is excited to have Noftek join the Ipsidy Partner Network and help us expand into the Caribbean," James Tuffery, director of identity at Ipsidy, said in a statement. "We believe that our entry into this energetic and vibrant market through our partnership with Noftek is a significant opportunity for Ipsidy.”
Noftek Managing Partner Letson Jackson added that “we are delighted to add Ipsidy's biometric authentication solutions to our portfolio.".
Contact Dennis Fitzgerald at [email protected]roactiveinvestors.com