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BI2 Technologies and The Ashcroft Group Announce Strategic Alliance and Investment AgreementBiometric Intelligence & Identification Technologies (BI2 Technologies), a leading provider of iris, multi-modal and mobile biometric identification technologies, and The Ashcroft Group, LLC, a strategic consulting company for domestic and international corporations led by former U.S. Attorney General John D. Ashcroft, today announced a strategic alliance and investment agreement. Under the terms of the agreement, BI2 and The Ashcroft Group will collaborate to expand BI2's FBI-compliant, biometric identification solutions and market penetration in the U.S. and international markets. Terms of the transaction were not disclosed. The agreement was announced during BI2 Technologies' participation in the National Sheriffs' Association annual conference in Baltimore, Maryland. "We are honored and pleased to announce our agreement with The Ashcroft Group, LLC. The firm's integrity, vision and intimate understanding of the complex security challenges facing our nation and world reflect the leadership and values of its founder," said Sean G. Mullin, President and CEO of BI2 Technologies. "We believe our innovative, patented, mobile and multimodal biometric identification technologies are a perfect example of our shared commitment to improve the safety and security of our citizens and nation, as well as the global community." "BI2's innovative and afordable biometric identification technologies are already supporting hundreds of law enforcement organizations across the country. The core flexible tools within BI2's technology can also benefit many other market sectors including health care, financial services, corrections and transportation," said David Ayres, CEO of The Ashcroft Group. "BI2's solutions can help protect any large facility with advanced access control requirements. BI2's technologies can shield the public from fraud and theft by providing quick and positive identification." "The market has now fully embraced tools for standard, commercial mobile phones. The BI2 tools can work with phones from numerous manufacturers all around the world," said former U.S. Attorney General John D. Ashcroft. "The BI2 platform allows agencies and companies to verify individual identities in seconds." About BI2 Technologies, LLC Biometric Intelligence & Identification Technologies (BI2 Technologies) is a privately held company based in Plymouth, Massachusetts and is a leading provider of multi-modal biometric identification technologies. For more information about BI2 Technologies, please visit: www.bi2technologies.com About The Ashcroft Group The Ashcroft Group, LLC is a Washington, D.C.-based consulting firm led by former U.S. Attorney General John D. Ashcroft, specializing in strategic consulting for corporations worldwide in homeland security, corporate governance, litigation strategy and data security. The Ashcroft Group is an affiliate of TAG Holdings which has investments in many early-stage portfolio companies emerging in security and compliance technologies. For more information about The Ashcroft Group, LLC, please visit: www.tagholdings.com View source version on businesswire.com: http://www.businesswire.com/news/home/20150630005895/en/ |
