Partnership Will Accelerate the Rapid Adoption of Biometric Technology in Bulgaria and Throughout Eastern Europe
ATLANTA, GA–(Marketwire – August 24, 2010) – M2SYS Technology, a global biometrics research and development firm, announced today that it has entered into a strategic partnership with Boriana Ltd., part of Boriana Group, to facilitate and accelerate the adoption of biometric technology in Bulgaria and throughout Eastern Europe. The partnership joins the innovative biometric technology of M2SYS with the distribution network and technical expertise of Boriana Ltd.
Among other M2SYS solutions, Boriana will distribute M2SYS’ biometric readers, its biometric software for the Hitachi finger vein scanner and Fujitsu palm vein reader, and Hybrid Biometric Platform™, M2SYS’ flagship biometric recognition system that supports multi-modal biometric deployments. These biometric technology solutions can be applied to areas such as access control in high security zones and business applications, integration into identification documents, border control and public safety.
The partnership will make Boriana more competitive and fill a void in the market for biometric applications that focus on identification, authentication, security and access control.
“Our focus at M2SYS is to deploy quality biometric technology on a global scale so that we can propel the growth of biometrics as a mainstream access control, security and identification technology for businesses and consumers,” commented Mizan Rahman, CEO of M2SYS. “Our market experience and Hybrid Biometric Platform™ technology combined with the depth and strength of Boriana’s network of resources and strategic capabilities will make this as an excellent opportunity to fuel the widespread growth of biometric technology.”
Oleg Asenov of Boriana Ltd. remarked, “We chose M2SYS as our partner because they offer innovative biometric solutions with great potential for application in different vertical market segments here in Bulgaria and throughout the region. The addition of M2SYS’ Hybrid Biometric Platform™ and other biometric technology greatly strengthens our product portfolio and value proposition.”
About M2SYS Technology
M2SYS Technology, www.m2sys.com, provides technology that makes biometric software affordable, simple to integrate and inexpensive to support, while enabling customers to easily utilize the right form of biometric technology for their needs.
About Boriana Group
Boriana Group was established by Mr. Valentin Hristov Velchev and its core business activities include: import/export, the sale of technical office equipment, regional internet and cable TV provider services and production of software for entertainment, web design, advertisements and presentations.
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