IDEX appoints Henrik Knudtzon as CFO further strengthening key executive management. Erling Svela continues as VP of Finance.
IDEX ASA, a world leader in fingerprint imaging and recognition technology, has appointed Mr. Henrik Knudtzon as CFO. In line with IDEX’s strategic growth plans, Mr. Knudtzon will contribute to the expansion of the company’s blue-chip investor base, commercial strategy, development of international operations and M&A activity.
Mr. Knudtzon has a proven track record in finance management, corporate growth and M&A strategy as an Investment Director for the leading Norwegian private equity firm Herkules Capital AS and as a consultant at the world-leading management consulting firm McKinsey & Company. Henrik graduated with a specialization in Finance from the Norwegian School of Economics (NHH) in Bergen in 2004.
“I am delighted to welcome Henrik to IDEX with his strategic financial and consulting background, bringing further skills and experience into IDEX, in a period when the company rapidly scales its organization to exploit the transformation of digital ID security through fingerprint recognition. Henrik has successfully grown businesses and created shareholder value, and he will further strengthen our executive team as we deliver on our strategic plans and rapidly commercialize our technology,” said Dr. Hemant Mardia, CEO of IDEX.
Following Apple’s acquisition of Authentec in 2012 and Synaptic’s acquisition of Validity last year, IDEX is uniquely placed with earliest fundamental IP and patents. IDEX is now only one of three principal suppliers in a multi-billion dollar market opportunity for low cost fingerprint sensors.
IDEX has recently launched best in class swipe and touch sensor products for the consumer market, expanded its operations internationally, secured significant investments and attracted interest from major international institutional investors. The company is engaged in an increasing number of negotiations with customers and supply partners. The CFO role has changed significantly, with an increased focus to assist the CEO, Dr. Hemant Mardia in rapid international development.
“I would like to thank our current CFO, Erling Svela, for his contribution in IDEX since 2008. With the international growth of the company, Mr. Svela will concentrate on financial control and corporate responsibilities as IDEX’s Vice President of Finance and Company Secretary,” said Dr. Mardia.
Henrik Knudtzon will commence office latest 1 August 2014. In the interim Erling Svela will be acting CFO.
2 April 2014
Contact: Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger technology platform based on the Company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com