RISHON LEZION, Israel, July 6, 2016 /PRNewswire/ --
FST Biometrics, the leading biometric identification solutions provider, today announced that Avi Naor, a member of FST's board of directors, has made an investment in FST Biometrics and has been appointed as chairman of the board. Naor's appointment will take effect immediately.
"As a member of FST Biometrics' board of directors, I have seen the significant interest that tier-one customer prospects have shown in the company's game-changing technology and offerings," said Naor. "I look forward to working with the outstanding leadership team - headed by FST's founder and CEO, Aharon-Zeevi Farkash - to take the Company to the next level."
Naor, one of Israel's first hi-tech entrepreneurs served as CEO and president of software giant Amdocs, which he co-founded, from 1995 until 2002. Naor led the company's IPO in 1998, as well as several subsequent offerings, and is credited with building the company into the multi-billion-dollar powerhouse it has become. As part of the Alpha Group investment organization, Naor bought equity in Retalix, Ltd., and served as board chairman from 2011 until 2012, when Retalix was sold to NCR.
"From his outstanding leadership at Amdocs to maximizing the value of Retalix, and, of course, his impactful work with Or Yarok, Avi Naor has demonstrated the winning combination of vision and passion that virtually ensures significant growth and achievement for any organization he touches," said Major General (Res.) Farkash. "We look forward to Avi playing a major role in our future success and expansion."
Eti and Avi Naor are social entrepreneurs and Israeli philanthropists. Their Naor Foundation focuses on three main areas: Road safety, children and youth at-risk, and supporting the periphery through investing in developing communities. Naor is a 2014 Israel Prize laureate, and the recipient of Israel's Presidential Medal of Distinction.
About FST Biometrics
FST Biometrics is a leading identity management solutions provider. The company's IMID™ product line offers access control through its proprietary In Motion Identification technology. This provides the ultimate security and convenience for users, who are accurately identified without having to stop or slow down. IMID™ solutions integrate a fusion of biometric and analytic technologies that include face recognition, body behavior analytics and voice verification, for a variety of venues including large corporations, office buildings, educational institutions, in addition to heath and recreation centers. For more information, please visit http://www.fstbm.com.
Finn Partners, for FST Biometrics
SOURCE FST Biometrics