ASSA ABLOY has invested in Paravision, an advanced facial recognition solutions provider, and is recognised for its world-class leadership in accuracy.
Facial recognition solution
"The investment in Paravision is a strategic technological investment for the ASSA ABLOY Group and will accelerate the development of biometric solutions that leverage facial recognition algorithms and provide complementary growth opportunities,” says Nico Delvaux, President, and CEO of ASSA ABLOY.
“In partnership, HID and Paravision have already cooperated on projects and we look forward to further advancing our collaboration across a number of different markets and use cases,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global.
Secure user experience
The investment aligns with HID Global’s strategic direction to embed facial recognition into solutions for a seamless and highly secure user experience in a variety of identity verification and authentication applications, including access control.