Security News > 2020 > February > BioCatch acquires AimBrain to secure market position and accelerate growth

The AimBrain technology complements and deepens BioCatch's solution as the company extends its leadership in digital identity, where enhanced fraud detection and better user experience are critical to meeting the evolving needs of banks and other financial institutions seeking to protect their clients' assets.

As part of the acquisition agreement, the AimBrain team will join the highly-regarded BioCatch team, accelerating the company's ability to execute on its ambitious growth plan.

"AimBrain's people, technology and intellectual property will expand our capabilities considerably and help us extend our lead in the market as we aim to continue our rapid growth in 2020 and beyond."

BioCatch owns more than 40 patents and has another 25 pending.

"The fraud detection and authentication industries are rapidly consolidating, and we believe that combining forces with the leading global behavioral biometrics player at this time makes tremendous sense, both for ourselves and our clients," said AimBrain CEO Andrius Sutas.

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