Authentix Announces Acquisition of Traceless® Authentication Group

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ADDISON, Texas, September 30, 2020 — Authentix, the authority in authentication and information services, announced today that it has acquired the Traceless Authentication Group from Bibliotheca, Inc. a library systems solutions company serving over 30,000 libraries worldwide. MHT Partners, L.P. acted as financial advisor to Authentix in this transaction.

Rochester, New York – based Traceless is an industry leader in anticounterfeiting and diversion control to global clientele including customers in the pharmaceuticals, spirits, and apparel industries. This acquisition includes the company’s complete portfolio of patented covert marking solutions as well as its own enterprise cloud-based digital track and trace software solution. Product lines acquired include Traceless Ultra™, Traceless Pro™, and Traceless Anti-Diversion™ covert marking systems that can be integrated seamlessly into existing product production using virtually any available commercial printing method including continuous inkjet and is certified for use in Domino® inkjet printers. Additionally, the company brings to the deal its own portfolio of custom readers and vision inspection systems. Traceless Brand Protection Cloud™, a patented track and trace cloud-based solution includes encrypted QR code generation along with available digitized labels for smartphone interaction and authentication by consumers, without the need to download a phone app.

“Authentix has been a dominant leader in the brand protection market for over 20 years serving some of the world’s largest brand owners, and this strategic acquisition expands our security technology offerings available to our growing list of global clients along with the addition of Traceless customers added in this transaction” stated Kevin McKenna, CEO of Authentix, adding “Traceless brings an extensive capability in the worldwide digital tracking of products and consumer-level product marketing, both of which integrate well with our growth strategy.”

About Authentix

As the authority in authentication solutions, Authentix helps customers thrive in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact, and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.  Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the US, UK, Saudi Arabia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

About Bibliotheca

Bibliotheca® is dedicated to the development of solutions that help libraries connect with users in unique ways and provide engaging experiences, allowing them to continually evolve their library services for the changing needs of their communities. With over 30,000 libraries as part of its family, there are more than 10,000 self-service units, 6,000 security systems, and 900 Automated Material Handling systems in place. Bibliotheca’s Open+ solution allows libraries to extend their available hours while also maintaining occupancy at safe levels. In addition, its cloudLibrary eReader provides access to over 1.5 million eBook and eAudiobook titles in over 100 languages for more than 5 million library patrons worldwide. For more information, visit https://www.bibliotheca.com. Bibliotheca® is a registered trademark of Bibliotheca, Inc.

Chad Crouch Appointed to U.S. Department of Commerce North Texas District Export Council

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ADDISON, Texas, March 30, 2020 – Authentix®, the authority in authentication solutions, announced that its Vice President of Revenue Operations, Chad Crouch, has been appointed by the Department of Commerce to the North Texas District Export Council (NTDEC). The council members are appointed by the U.S. Secretary of Commerce and contribute leadership and international trade expertise to complement the U.S. Commercial Service’s export promotion efforts. The primary objectives of the NTDEC are to educate the community about international trade and its benefits, including education to promote exports and international trade for companies in the United States. Regional District Export Councils also lobby state and federal legislatures to promote issues that can have a positive effect on international trade for their respective regions.

Individuals appointed to a regional District Export Council become part of a select corps of trade experts dedicated to providing international trade leadership and guidance to the local business community and assistance to the Department on export development issues. “I’m honored to be selected as part of the North Texas District Export Council, Crouch stated. We’ve been very fortunate to have such a great relationship with the United States Department of Commerce and its related agencies when expanding our business internationally. I look forward to assisting other companies in our region in expanding their business as well.”

Authentix has transformed over the past 20 years to a global organization with programs spanning across five continents and offices serving dozens of governments, central banks, and Fortune 100 companies. Today, Authentix derives 80 percent of its revenue from sources outside the United States. In May 2019, Authentix received the Export Achievement Certificate (EAC) from the U.S. Commercial Service Department for its success in acquiring and serving customers in the global marketplace.

Chief Sales and Marketing Officer for Authentix, Kent Mansfield, stated, “Authentix works closely with the U.S. Commercial Service whenever we are expanding solutions and services into new countries, and this has proven invaluable to us in terms of support and guidance. Chad Crouch has been instrumental in furthering our relationship with the U.S. Commercial Service. I can’t think of a better selection for providing guidance and input to the NTDEC.”

About Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.   Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

About U.S. Commercial Service

The U.S. Commercial Service (CS) is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. The CS is a part of the U.S. Foreign Service and its commercial officers are diplomats. The CS global network of trade professionals helps thousands of U.S. companies to export goods and services worth billions of dollars every year. CS trade specialists are located throughout the United States, as well as in U.S. embassies and consulates in over 75 countries around the world. The mission of CS is to advance and protect strategic U.S. commercial and economic interests around the world.

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Fighting the Illegal Market: An Interview with Tim Driscoll

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By: Mila Milosavljević

The article below is the result of an interview conducted by  Mila Milosavljević, a writer for Serbian publication Pečat, of Tim Driscoll, Authentix Senior Vice President and General Manager, Currency and Tax Stamp. This content has been edited and translated to English for use on authentix.com. You can find the original copy on the publication’s website http://www.pecat.co.rs/2019/11/tim-driskol-borba-protiv-ilegalnog-trzista/

Tim Driscoll is the Senior Vice President and General Manager of Currency and Tax Stamp at Authentix, a US-based company committed to helping government officials and business leaders thrive in supply and distribution chain complexity with innovative authentication solutions. With offices in Europe, the Middle East and Africa in addition to the US, Authentix provides global support to central banks to protect their banknotes, helping tax authorities collect excise taxes and helping governments and national oil companies maintain fuel quality and fight fuel smugglers. Authentix also works with brand owners to protect the health of their customers and protect revenue that they’re losing due to diversion and counterfeiting.

Authentix partners with organizations in several countries to best serve their customers. Authentix’ partner in Serbia is Nanoinspekt, which is Authentix’ official representative and distributor in Serbia and the surrounding countries. As our interlocutor points out, these two companies are intensively working on expanding their business and cooperation in the future.

Can you tell us more about your background?

I have been in the product authentication industry for almost 25 years and have spent the last 14 years at Authentix.  I have used my physics background and experience in the industry to serve as a trusted partner to government clients as we help them address their counterfeiting and tax recovery challenges.

Undoubtedly Authentix is ​​pushing the boundaries in this business? How do they do that?

The solutions we apply are very complex and involve a wide variety of innovative technologies. Authentix is ​​developing new security measures to enhance these programs. We are raising these programs to a higher level by implementing new and enhanced software systems to collect and analyze the data gathered from program operations. Part of our mission is to protect the integrity of the global marketplace through innovative authentication solutions. We are constantly improving the way we process operational data that we provide to clients. Those clients who successfully implement the program use data analytics as a basis for prioritizing and adopting appropriate measures to ensure product authenticity in the market.

How was Authentix founded?

The creation of Authentix started with two companies, one based in the US, and the other based in the United Kingdom. The foundation of the US company was based on technologies derived from Los Alamos National Laboratory, which later turned into fuel marking technology. The British company was based on a completely different technology derived from the University of York, which also found application in the fight against smuggling. In 2003, the two companies merged to form Authentix.

What would you define as the greatest achievement of Authentix so far?

In general, the programs we are most proud of are those that pay back taxes evaded by illegal acts to the state and its citizens. Also, one of the programs we are most proud of is the program in Serbia. This program illustrates what a strong partnership looks like when the right technology is implemented, when quality operational data is provided, and when authorities are willing to leverage that data to combat the illegal fuel market.

Tell us more about the programs in the field of excise stamps and protection of banknotes?

As far as the excise stamp program is concerned, we are very proud of the program we have introduced in Ghana. In this program, we have created a technology solution that allows the state to collect the full amount of excise duty on tobacco, alcohol and other beverages including beer, as well as water and sodas.

How have these programs been implemented before Authentix, and how are they done now, using the analogy of how fuel was once marked with solvent (yellow) and now molecular nanomarker?

All of these programs are essentially a game of cat and mouse. When we find a solution to one problem and apply it, those involved in the illegal fuel trade immediately try to circumvent security solutions. To address this problem, Authentix focuses on being flexible. We are flexible in the technology selected, how it’s implemented and how it is supported. The banknote security industry has historically been reduced to a very small number of companies. Authentix, as one of these companies, has created innovative products for central banks that will solve their problems. The current trend of this industry is that central banks are trying to reduce dependency on one company. They are less likely to procure all protection measures from one or a small number of suppliers and want to be free to choose different offers from different suppliers. This is not the easiest way to keep the security level at a high level, but Authentix solutions are tailored to how central banks operate. For example, our features are seamlessly added into the banknotes and our sensors are easily integrated into the existing equipment used by most central banks.

How do you evaluate cooperation with Nanoinspekt, your partner in Serbia?

The collaboration so far has been fantastic. We collaborate with many partners around the world, but one thing that is special about Nanoinspekt is that we do not perceive it as a collaboration, but feel as if we are part of the same company with the same purpose.

 

The Secret of the Invisible Excise Mark: An Interview with Chad Crouch

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By: Mila Milosavljević

The article below is the result of an interview conducted by writer Mila Milosavljević and Chad Crouch, Authentix Vice President of Sales for Serbian publication Pečat. This content has been edited and translated to English for use on authentix.com. You can find the original copy on the publication’s website http://www.pecat.co.rs/2019/11/ced-krauc-tajna-nevidljive-akcizne-markice/.

Chad Crouch is Vice President of Sales at Authentix, responsible for the global sale of oil and gas market protection programs as well as brand protection. During his five-year tenure, he has overseen project management, program establishment and contributed to the efficient program delivery to many Authentix clients. In his current position, he is focused on developing and securing new clients for the company’s programs.

Authentix’ partner in Serbia is Nanoinspekt, which according to Crouch is known as a very reliable partner and is Authentix’ official representative and distributor in Serbia and the surrounding countries. As our interlocutor points out, these two companies are intensively working on expanding their business and cooperation in the future.

How does Authentix push the boundaries in the oil and gas domain?
Authentix’ mission is to safeguard the integrity of global commerce, and we do this by delivering advanced authentication solutions. In our oil and gas business, we deliver world-class technology to create solutions for governments and oil and gas companies to counter the illegal trade in fuels, crude oil and liquid gas. The programs we provide for state governments aim to instill confidence in the national fuel market to combat illegal trade, increase excise taxes and improve fuel quality throughout the distribution chain.

Authentix is ​​unique because of our advanced level of innovation that allows us to connect the real world with the digital through our AXIS® management platform. Our users can collect, store and analyze data from multiple sources and then report on it.  Through our software, clients receive an annotation from the operations performed in the programs to enable proactive combating of fuel fraud. We use our twenty-five years of experience to provide our customers with a turnkey solution, while on the other hand we work closely with governments and partners to provide them with technology in a timely manner to effectively run the program. We use state-of-the-art field-testing technologies as well as lab-based authentication that provide measurable results. Our unique markers are added to the fuel in very small quantities and our technology allow users to accurately determine the level of blending or illegal substances in the fuel. We are the global leader in this market with over two trillion branded liters of fuel so far, as well as the most active programs, with 12 national governments.

“Authentix’ mission is to safeguard the integrity of global commerce by delivering innovative authentication solutions. In our oil and gas business, we deliver world-class technology to create solutions for governments and oil and gas companies to counter the illegal trade in fuels, crude oil and liquid gas.”

As far as oil companies are concerned, our fuel authentication program enables them to protect branded fuels through the distribution line by ensuring that end customers get the quality fuel they intended to buy. In many cases, oil companies have a diluted distribution chain where they license their brand and hand it over to franchised retail gas stations. The oil marketing companies use our technology to validate the integrity of their supply chain and to confirm that they are selling the proper additized fuel at the specified octane levels.

How did Authentix revolutionize this field of business, both scientifically and economically? How are the programs set up and how do they function, for example in the Serbian program?
I will mention two examples. The first has many similarities to the excise stamp program. Obviously, you can’t paste an excise stamp on a liquid, but our excise markers do just that. With our technology and analytical equipment, we authenticate that our invisible “excise stamp” is in the fuel. For example, you may have two diesel products that are exactly the same quality and specification, but the customer may need to differentiate the products based on a different tax status. Our markers provide the ability to differentiate between these products and also detect, quantitively, if the products have been mixed. Another example would be a fingerprint. By using a marker, you give the fuel a fingerprint that allows the user to detect changes in the fuel such as “diluting” with illegal fuel or mixing other substances in the fuel.

Huge money can be made through illegal activities in the oil and gas industry such as fuel smuggling. Accordingly, we come across many advanced ways of conducting illegal activities that our technology combats. Some short examples: in some countries, fuel such as kerosene is subsidized for cooking. We find that wherever there is a difference in excise fuel prices, subsidized fuel appears where it should not be in the regular sales chain. The state loses on the difference between these specific taxes while entities engaged in illegal activities fill their pockets. You can also take the example of neighboring countries where fuel prices vary. Fuel smuggling occurs most often across borders where illegal activity makes a difference in prices. Our programs provide a great return on state taxes, but in addition, as has happened in Serbia, they make the market operate on fair terms for everyone. The state collects the revenue it has prescribed, and the oil companies get higher sales revenue because the distribution chain has integrity while making it impossible for distributors to work illegally.

What would you single out as the greatest achievement of Authentix?
One of the programs we are most proud of and that we always emphasize in case studies is the program in Serbia. The only way we evaluate our success is if we produce tangible results for our clients. We refer to the program in Serbia because we know that the user was very satisfied with the results generated by the fuel marking program, which is also the success of Authentix. In the first five years of this program, the Serbian government repaid about 720 million euros, which resulted in the extension of the contract for another five years. We are very proud of this achievement and the positive impact this program has in Serbia. Other programs around the world are also proving to be successful and have generated billions of dollars in profit for clients. All of this has resulted in long-term customer retention in more than 95 percent of cases.

 

Authentix Named One Of CIOReview’s Top 20 Most Promising Oil And Gas Solutions Providers

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ADDISON, TexasJuly 29, 2019 /PRNewswire/ — Authentix, Inc., a U.S.-based technology solutions provider specializing in supply chain security and authentication programs, was selected as one of the top 20 most promising solutions providers in the oil and gas industry by leading enterprise technology publication, CIOReview.

Every year, CIOReview analyzes the growing marketplace of service providers and awards the best-in-class with this prestigious award. This is done as a service to chief information officers with the difficult task of choosing the right partners to leverage the significant technological innovations to boost prosperity in their long-term growth and digital transformations. The exclusive list of vendors was selected by a distinguished panel of CEOs, CIOs and VCs, industry analysts and the editorial board of CIOReview after exhibiting excellence in offering efficient solutions and expertise in the oil and gas industry.

“Authentix secures the integrity of global commerce by verifying the authenticity of physical products through advanced technology solutions and connecting the output of that information to a robust, digital information platform. This provides our clients with insightful analytics to ensure the integrity of their fuels, minimize fraud, and increase market share or tax collections. We are honored to have CIOReview recognize Authentix for our proactive innovation in these complex environments, our proven sector expertise and the ability to help our clients gain a distinct competitive advantage,” states Kevin McKenna, CEO of Authentix.

Authentix operates fuel marking programs on five continents helping governments protect fuel tax revenues and leading branded fuel owners protect the integrity of their products. These programs consist of proprietary markers in refined fuels that can detect and prevent grade swapping, adulteration, and tax avoidance from the introduction of illicit fuels. Also, the company offers an information and data management platform to aggregate operational data, provide field test results and reporting tools for insights into potential issues within the supply chain and what types of actions need to be taken and when. Additionally, Authentix supplies marking programs for crude oil pipelines, fuel quality inspection services, and remote sensor monitoring of measurement devices in the fuel supply chain.

About Authentix
As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial  products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North AmericaEuropeMiddle East, and Africa serving clients worldwide. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

Contact: info@authentix.com

Authentix® Receives Export Achievement Award From the U.S. Department of Commerce International Trade Administration

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ADDISON, Texas, May 20, 2019 – Authentix, Inc., a U.S.-based technology solutions provider specializing in supply chain security and authentication programs, was presented the 2019 Export Achievement Certificate (EAC) on May 16, 2019, by the United States Department of Commerce for the company’s continued success and expansion in international markets.

The EAC award was originally created in 2001 by the International Trade Administration’s U.S. Commercial Service division. The award recognizes U.S. based enterprises that successfully entered a new foreign market. Today, the EAC may be given to both first time and experienced exporters that have completed a noteworthy export transaction or that successfully introduced a new product line in a foreign market.

Authentix has worked with U.S. Commercial Service for 13 years as it continues to grow and deliver advanced authentication solutions to commercial companies, national governments, and leading central banks across the globe. With over 25 years serving the international marketplace, Authentix is proud to deliver supply chain security on five of the seven continents.

“The U.S. Commercial Service has supported Authentix’s presence in global markets with local knowledge and experience that connects the right stakeholders and decision makers to our mission to safeguard the integrity of global commerce. With their help, we have been able to grow our footprint internationally and deliver advanced authentication solutions to help our customers thrive in a global economy,” states Kevin McKenna, CEO of Authentix.

The U.S. Commercial Service visited Authentix headquarters in Addison, Texas on May 16, 2019, where Ana Guevara, Deputy Assistant Secretary of U.S. Operations, delivered the award to Authentix. “Exporting businesses like Authentix are the engine of the U.S. economy. I am pleased to have presented an award for effective export activities to Authentix, and gratified that the U.S. Commercial Service had an opportunity to help facilitate their global success,” said Ms. Guevara.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

 

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Welcomes Kent Mansfield to its Executive Team

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ADDISON, Texas, April 24, 2019 – Authentix, the authority in authentication solutions, welcomes Kent Mansfield as its Chief Sales and Marketing Officer.

Mansfield is responsible for strategically aligning Authentix solutions and expertise to key business unit operations to build and maintain our global brand and drive market development in key focus areas. In his role, Mansfield also oversees global sales and marketing for Government and Commercial Oil & Gas Programs and Brand Protection.

“Kent’s extensive background in the brand protection, security and technology industries, along with his expertise in sales, marketing, channel and product management, is extremely valuable toward helping Authentix provide advanced authentication solutions that enable customers to thrive in supply chain complexity.” states Kevin McKenna, CEO of Authentix.

He began his career in the commercial and investment banking sector before entering the security industry in 1995. He was part of the original executive team, which created Authentix from the merger of Isotag and Biocode in 2003.  He has also served in executive roles with Ultrak, Smart Holograms, Boardroom Software, and TruTag Technologies.

Mansfield holds a Bachelor of Business Administration in Finance from Texas Tech University.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

 

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Welcomes Jeff Bowers to its Executive Team

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ADDISON, Texas, April 18, 2019 – Authentix, the authority in authentication solutions, welcomes Jeff Bowers as Senior Vice President of Engineering.

In this new role, Bowers oversees all hardware and software development as well as the global engineering function. He brings more than 20 years of experience leading global development teams in full lifecycle product engineering and interfacing with customers to define, deliver and support solutions that meet current and emerging needs.

“The Engineering department at Authentix plays a critical role in advancing our technology products to accelerate our digital transformation and provide advanced authentication solutions to meet our customers’ evolving needs,” states Kevin McKenna, CEO of Authentix, adding that “We are thrilled to have Jeff on board to lead this charge.”

Prior to Authentix, Bowers spent 20 years with Giesecke+Devrient in various engineering and software solutions leadership roles. Bower’s career began at the Jonathan Corporation as the Engineering Manager.

Bowers earned his Master of Business Administration from Duke University – The Fuqua School of Business and a Bachelor of Science degree in Electrical Engineering from Ohio Northern University. Bowers lives in Dallas after recently relocating from Washington, DC.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Announces Executive Team Promotion

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ADDISON, Texas, April 12, 2019 – Authentix, the authority in authentication solutions, is pleased to announce the promotion of one of its most tenured executive leaders, Kristi Browne, to Senior Vice President, Global Services.

In this new role, Browne is now responsible for managing cross-functional groups accountable for client programs in Oil & Gas, Brand Protection, Tax Stamps, and Currency business units.  Her team handles all program management, solutions development, production, and logistics for our clients on a worldwide basis. Being with Authentix for over 17 years gives her unique insight and vision coupled with an ability to manage excellence in delivery of solutions to the company’s high-quality client base.

“Kristi’s detailed understanding of delivering authentication solutions to our client base is unmatched because of her years successfully leading different areas of the organization,” stated Kevin McKenna, CEO of Authentix, adding that “The commitment to our mission and the values Kristi and her team demonstrate is one of the primary reasons for our 95% customer retention rate.”

Browne holds a Bachelor of Science in Chemical Engineering from the University of Arkansas and lives with her husband and two children in Dallas, Texas.

About Authentix:
As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Announces Acquisition of Security Print Solutions Limited

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ADDISON, Texas, April 3, 2019 — Authentix, the authority in authentication and information services, announced that it has acquired Security Print Solutions Limited (“SPS”) through its United Kingdom based entity, Authentix Limited.

United Kingdom based SPS is an industry leader in providing high security print solutions to a broad base of global clientele. The company offers a highly diverse product portfolio including high security tax stamps and a host of security labels and other documents such as patented and multi-layered security technologies it deploys in its solutions. For over 30 years, SPS has been at the forefront of developing new and patented methods, combining innovation in print with new technologies and decades of craft.

“This strategic acquisition expands our portfolio of security technologies to grow our support in tax recovery programs for governments as well as increasing the scope of offerings for our brand protection clients,” stated Kevin McKenna, CEO of Authentix, adding “a key element of our growth plan includes integration of a high security printing operation into our organization and we can’t think of a higher quality candidate than SPS.”

SPS will remain a stand-alone operating entity retaining its respective brands, with a plan to integrate within the Authentix group of companies to grow a collective set of strategic offerings and leverage the sales platform extensively in the markets served.

About Security Print Solutions:

SPS is one of the world’s leading security print solution providers in the revenue recovery and brand protection domain. Originally the business produced tickets for major events and secure cheques. But over the years the business has increasingly focused on custom tailored secure documents (certificates and legal paperwork), brand protection, and tax & revenue protection solutions for governments in MEA.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com