SecurLinx Holding Corporation (FRA: S8X) has continued its expansion plan with the establishment of SecurLinx Brasil.
Based in São Paulo, it will have primary responsibility for marketing biometric identity management solutions for business and law enforcement across Brazil, but will also operate throughout Latin America.
This announcement is the culmination of a six month process of business development market research and regulatory filings required by the Brazilian Central Bank and Revenue Authorities. “The country’s dynamic economy, large population, and security needs have drawn our attention for quite some time. We are excited to be in a position to offer our solutions in the Brazilian market where high-quality, high-technology solutions like the ones we offer are eagerly adopted,” said SecurLinx CEO Barry Hodge. According to Hodge, this gives SecurLinx a foothold in one of the world’s fastest growing and most promising security markets. “We are currently in discussions with potential integration partners that we expect to further multiply our reach and accelerate our market penetration over the next six to twelve months.”
The full text of the press release and a pdf of it is available here.
I’ve been down here in São Paulo helping to get things moving with our new operation here, hence the lighter-than-usual blogging. We’re proud to share the news of our new Brazilian venture and excited for what the future holds.
|São Paulo sidewalk|