Category: News & Updates

April 27, 2023 – Authentix, the authority in authentication and information services, has been named a Top 10 Multi-Factor Authentication Solutions Provider for 2023 by GRC Outlook Magazine. Kevin McKenna, CEO of Authentix, is featured in the article.

According to GRC Outlook Magazine, multifactor authentication (MFA) has become an essential tool for protecting sensitive information in today’s digital age with organizations continuously looking for new ways to enhance security protocols. Authentix is a unique contributor in this category because its multi-layered and multifactor authentication solutions tie together the credentialing of physical items, user credentials, and item movement tracking. In this instance, by building a database of relational transaction events that see each subsequent transaction in relation to the characteristics of multiple preceding logged events, Authentix’ machine learning algorithms can detect suspect events that need escalation and review by product owners for potential counterfeit or diverted products.

Authentix was also highlighted for its capabilities to bring the physical and digital world together, using both covert and overt security features to allow unique discoveries of product compromise issues only detectable by its clients using proprietary systems. These technologies working together can close the loop, bring visibility to supply chain blind spots, and provide rapid, multilayered authentication detection to connect the consumer, the product brand owner, and third-party suppliers. The technology can also enable product journey tracking and direct interaction between manufacturers and consumers for unique marketing experiences and detection of purchasing trends.

Read the full article from the April issue of GRC Outlook Magazine here.

April 26, 2023 – Authentix, the authority in authentication solutions and information services, has been named as a 2023 Top 10 Anti Counterfeit Packaging Solutions Provider by The Industry View Magazine, a leading Manufacturing and Engineering magazine providing recognition to industries and people achieving the highest standard in their area of expertise.

In this special edition, Authentix is highlighted regarding its advanced security features for packaging technologies to address the growing problem of product counterfeiting and diversion. In the article, Kent Mansfield – Chief Sales and Marketing Officer, also provides his unique insights and perspective about Authentix.

Read the full article here.

ADDISON, Texas, April 17, 2023 /CNW/ — Authentix, the authority in authentication and information services, announced that it has acquired Netherlands based Royal Joh. Enschedé, a leading specialty printing and security solutions provider from investment firm Nimbus.

Founded in 1703, Koninklijke (Royal) Joh. Enschedé progressed from a small book printer to become a world­class security printing organization long associated with the highest quality security documents, postage stamps, banknotes, and brand protection solutions. Known worldwide for its design capabilities and unprecedented high-quality printworks, Royal Joh. Enschedé also produces the world’s most innovative banknotes and stamps and provides additional products to an impressive client list including financial transactions, cash equivalents, certificates, visas, diplomas, and multiple solutions for brand protection. Based in Haarlem, Netherlands with a branch in Yokohama, Japan, the company has been a frontrunner in the digital-physical cross-over technological transition, having introduced many product firsts during its rich and longstanding heritage.

Authentix acquires the Joh. Enschedé shares from hands-on investment firm Nimbus, who have been the majority shareholder of RJE since 2014. In that period Nimbus and the management prepared the company for the future, rationalizing the operation and investing in distinctive technologies and solutions.

“This strategic acquisition expands our portfolio and capabilities in high security printing technologies to support Authentix’s ongoing growth in programs for governments, central banks, and commercial brand owners,” stated Kevin McKenna, CEO of Authentix, adding that “the combination of experience, craftmanship, design innovation and production techniques that Joh. Enschedé brings to Authentix fits perfectly with our current strategic growth strategy.”

Gelmer Leibbrandt, CEO for Joh. Enschedé, added, “We are extremely excited to become part of the highly talented and experienced team at Authentix. We feel the combination of the two companies’ approach to quality and innovation enables ample opportunities to provide our customers with the most advanced security print solutions in the industry.”

Jannes Snel, Investment Manager for Nimbus stated “When Nimbus acquired Joh. Enschedé in 2014 we knew the challenge was to identify new growth opportunities. We are proud that we have been able to find these and worked intensely to prepare the company for its next phase of development. We are very pleased with Authentix as the new home for Joh. Enschedé, and are confident that under their wings, Joh. Enschedé will continue its growth path.”

Royal Joh. Enschedé will remain a stand­alone operating entity retaining its respective brands and integrate within the Authentix group of companies to further grow its market share and collective set of strategic offerings leveraging the larger Authentix sales platform.

About Joh. Enschedé

Royal Joh. Enschedé, founded in 1703, is known worldwide for its attractive banknotes and stamps. With attention to detail, technical expertise and quality, Royal Joh. Enschedé is the specialist for custom, secured and extremely reliable printing and security solutions. Royal Joh. Enschedé creates and prints products for financial transactions, cash equivalents and certification products, such as postage stamps, passports, visas, tax stamps, diplomas, certificates and products to protect high value branded products (brand protection). Based on craftsmanship and expertise, the company provides security printing solutions against fraud and counterfeiting worldwide.

About Authentix

As the authority in authentication solutions, Authentix brings enhanced visibility and traceability to today’s complex global supply chains. For over 25 years, Authentix has provided clients with physical and software-enabled solutions to detect, mitigate, and prevent counterfeiting and other illicit trading activity for currency, excise taxable goods, and branded consumer products. Through a proven partnership model and sector expertise, clients experience custom solution design, rapid implementation, consumer engagement, and complete program management to ensure product safety, revenue protection, and consumer trust for the best-known global brands on the market. Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the North America, Europe, Middle East, Asia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

CONTACT: Kent Mansfield, Chief Sales & Marketing Officer, kent.mansfield@authentix.com

A link to the press release can be found here: Authentix® Completes Acquisition of Royal Joh. Enschedé

March 10, 2023 – Of all the detection technologies used to determine the authenticity of a banknote, Level 3 features are the most secure and reliable and serve as the cornerstone of the most successful counterfeit detection programs.

Authentix is collaborating with The International Association of Currency Affairs (IACA) on a webinar open to IACA members to further discuss key factors to consider when selecting, implementing and supporting Level 3 security features. Tim Driscoll, CTO of Authentix, will be hosting the webinar, held on Wednesday March 29th at 8:00 AM CST. He will be joined by panelists including Gregorio Sanchez, Deputy Manager of Industrial Engineering at Banco de Mexico, Alan Newman, Currency Product Director at De La Rue, and Richard Wall, Chair of IACA and former Head of Currency at the Bank of Canada.

Visit here for more information and to register for this informative event.

March 7, 2023 – The Regional Tax Office (RTO) Peshawar is utilizing the production and clearance data of the Track and Trace System of the FBR for increasing taxes from four major sectors, including tobacco. The latest performance report for RTO shows the value of goods (including foam mattresses, paper, plastic, steel, pipe and cement) from recently seized vehicles to be millions of rupees, and consequently, sales tax recovered to be around Rs. 12 million. In addition, over the last eight months, the RTO has conducted 13 raids in which nearly 23 million sticks of cigarettes, involving Federal Excise Duty of more than Rs. 47 million and sales tax of Rs. 13 million, have been seized. This crackdown on tax evaders is a positive step towards ensuring transparency in the tax system and promoting a culture of compliance.

Authentix is pleased to partner with FBR in this critical initiative and we look forward to continued success in helping the curtailment and remediation of illicit trade in these industries.

Read the full story here.

February 7, 2023 – Authentix Chief Technology Officer Tim Driscoll was featured in the January 2023 issue of Authentication & Brand News (ABN). Driscoll was interviewed by ABN to learn about his past and current experience in authentication technologies, his role at CTO, and Authentix’s capabilities in excise tax collection, authentication and banknote fitness as well as brand protection. Read the full article here.

ADDISON, Texas, December 7, 2022 — Authentix, the authority in authentication and information services, announces today that Chad Crouch has been appointed as Senior Vice President, Revenue Operations and a member of the executive leadership team.

Crouch previously served as Vice President, Sales and Revenue Operations, where he was responsible for Government Sales in the Americas and Caribbean, as well as Revenue Operations. In his new role, Crouch will focus an expanded team on revenue growth and customer success and will lead global sales operations. The scope of responsibilities includes proposals, program delivery, program management, and solutions.

Kent Mansfield, Chief Sales and Marketing Officer, stated “Chad Crouch has a wide range of experience with Authentix markets and customers, and a proven track record of leadership. I’m certain that Chad will excel in this new role as we continue to grow and expand our scope of products and services to our valued customers.”

Crouch joined Authentix in 2013 as a Director of Program Management, was later advanced to Vice President of Oil & Gas Programs, and then to Vice President of Sales and Revenue Operations in which he’s served for the last four years.

Crouch holds a M.B.A. and an M.S. in Finance from the University of Maryland – Robert H. School of Business.

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 products, ensuring local economies grow, banknote security remains intact, and commercial products have greater 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, Africa, Asia, Europe, and Middle East, serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

ADDISON, Texas, December 5, 2022 — Authentix, the authority in authentication and information services, announces today that Tim Driscoll, PhD, has been appointed as Chief Technology Officer.

Dr. Driscoll previously served as Senior Vice President and General Manager for the Authentix Currency & Tax Stamp businesses where he provided strategic direction and worked closely with central banks, governments, and key partners supporting strong growth in these markets over the last several years. In Driscoll’s new role as CTO, he will direct all research, innovation, and new product development.

Driscoll joined Authentix in 2005 as a Vice President of Global Operations and advanced to an executive role and a key leader for the company. Kevin McKenna, Chief Executive Officer, commented “Tim Driscoll has been a key contributor to the success of Authentix for many years. I’m confident in his range of capabilities to lead the research and development teams and continue our growth in innovation and advanced technology offerings with our expanding client base well into the future.”

Driscoll holds a Ph.D. and Masters degree in Physics from Brown University and a B.S. in Physics from Rensselaer Polytechnic Institute. Dr. Driscoll conducted his post-doctoral studies at L’Ecole Polytechnique in Palaiseau, France.

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 products, ensuring local economies grow, banknote security remains intact, and commercial products have greater 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, Africa, Asia, Europe, and Middle East, serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.