Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa
-- DERMALOG's highly efficient operating model and strong brand equity bolster its scope for future growth in Africa
MOUNTAIN VIEW, California, Aug. 24, 2015 /PRNewswire/ -- Based on its recent analysis of the biometric products market, Frost & Sullivan recognizes DERMALOG with the 2015 African Biometrics Company of the Year Award. DERMALOG is the leading German biometrics manufacturer and has achieved substantial commercial success in Africa. It has particularly gained prominence in Nigeria, where it has implemented one of the largest biometric mass applications in the world, and has equipped 23 banks as well as the Central Bank of Nigeria with its biometric products.
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DERMALOG is not only favorably positioned for significant long-term growth in Nigeria but will have ample business opportunities to drive its future growth and market success in numerous other African countries. The company's best-in-class biometric solutions are in line with the convergence of several megatrends that Frost & Sullivan has identified as macro-economic forces that will drive development across the globe in future.
DERMALOG's biometric solutions offer considerable potential to tackle major challenges on the African continent. This applies to anti-corruption efforts, e.g. the targeting of identity theft, but also concerns demographic developments and high numbers of people crossing borders resulting in uncontrolled migration. Access to biometric technology is crucial to numerous African countries, as they often lack systems of identity management with necessary documents such as birth certificates or ID cards. Such an access is a cornerstone of an improved management of government resources. DERMALOG's biometric innovations enhance internal operations in larger corporations, like banks, enabling them to know their customers in a reliable way, offering them at the same time more convenience when dealing with the bank, for example when withdrawing money from an ATM, using a fingerprint instead of a password.
DERMALOG has experienced significant market success with its Automated Fingerprint Identification Systems (AFIS), and its Automatic Biometric Identification System (ABIS) that combines face, iris and fingerprint recognition as well as live fingerprint scanners. DERMALOG became aware of the need for robust identification and verification systems in the governmental and security sector. The company has moved to specialize in the capturing of biometric data and ensuring the uniqueness of citizens in a system, and is now operating in numerous African countries.
"The value that DERMALOG's products bring to the table is evident from the number of projects in which it is involved. It already has 130 large-scale projects in more than 70 countries; 20 of which are in Africa, notably Nigeria, Ghana, Tanzania, Angola, and Zambia," said Frost & Sullivan Research Analyst Danielle de la Mare. "In Nigeria, DERMALOG has implemented an excellent solution of using biometric information as a means of identifying and verifying all individuals who have one or multiple accounts in the participating banks of the Bank Verification Number (BVN) project. In August 2015, far more than 18 million Nigerian bank customers have been registered in the AFIS/ABIS system provided by DERMALOG. The project promotes financial inclusion drive, expands banking services and improves access to credit."
DERMALOG's biometric products cater to a large range of market needs and budget sizes and are offered in a wide array of sizes—the product line extends from single-finger scanners about the size of a one euro coin and large ten- and rolled-finger scanners to multibiometric innovations, such as the DERMALOG BiometricGate. The company completes its portfolio with biometric documents, such as ID cards or drivers' licenses and delivers larger installations such as border management, FingerBanking and FingerPayment systems. The DERMALOG AFIS is easy to operate, works reliably on different operating systems, and even runs on laptops, thereby supporting small-scale projects. This greatly lowers end users' investments in computational power and related recurrent costs.
DERMALOG's fast and accurate products strongly position the company to anticipate changing market needs and establish partnerships with targeted customers. Furthermore, its products are interoperable with other biometric systems, which enables customers to extend their existing biometric systems.
"Owing to the overall superiority of its biometric products, DERMALOG has been growing at 15-30 percent every year since 2001, while the global biometrics market grows at the rate of 20 percent annually. The company's most successful year so far has been 2014, when its revenues grew by 37 percent," observed de la Mare.
DERMALOG's successful projects both in the Nigerian and SSA markets have proven a key driver of the company's growth. Overall, the company's move to specialize in the accurate and efficient capturing of biometric data and ensuring the identity of citizens has earned it an excellent reputation in a number of sub-Saharan countries, from Angola to Zambia.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.
About DERMALOG
DERMALOG Identification Systems GmbH is the largest German biometrics manufacturer and one of the leading biometric identification companies in the world.
Highly qualified employees, primarily computer scientists and engineers, specialize in the development of biometric methods, soft- and hardware. DERMALOG's broad range of products is based on innovative technology and modular design.
DERMALOG offers solutions that are customizable to meet customers' requirements, and can be implemented in the shortest period of time. Governmental organizations as well as public and private enterprises all over the world trust DERMALOG's expertise and state of the art biometric products.
Apart from Germany and Europe, DERMALOG's main markets are in Africa, Asia, Latin America, and the Middle East. In Germany, DERMALOG has delivered over 20,000 fingerprint scanners to national registration offices and foreigners' registration authorities as well as for border control. These allow fingerprints to be saved in new passports, ID cards and residence permits.
The company has now delivered another 150,000 fingerprint scanners to more than 70 countries. Large-scale AFIS and ABIS installations from DERMALOG are now in use by over 130 government agencies around the world.
DERMALOG provides solutions for banks and ATM manufacturers. Numerous ATMs worldwide have been equipped with DERMALOG fingerprint technology replacing insecure PINs with state-of-the-art fingerprint technology.
To learn more about DERMALOG's innovative biometric solutions, please visit www.dermalog.com.
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