The tech company that Facephi is looking for buyer and hired expert advisor GP Bullhound for research the market Interested parties are sought. This situation has been conveyed to the regulatory agency by the company’s board of directors. BME GrowthThe Stock Exchange for growing companies that has been listed since 2014 and closes at 24,000,000 this Tuesday. Capitalization of 49.6 million euros.
The decision comes after the firm, which specializes in the development of facial recognition software and other biometric solutions for authentication, closed last year with the highest numbers. billing adding the history 22 million euros in sales, 69% more.
Those responsible for Facephi told the market that the council’s consulting firm, GP Bullhound, specializing in corporate operations in the technology sector, “the market research“aims to “assess” a third party’s possible interests in the takeover”majority pack of societyThey also state that they gave him six months to reach his goal.
Also law firm Gomez Acebo and Pombo providing external advice to them in the process. Since signing they did not want to give more information about this and refer to the truth about BME Growth.
Founded by Salvador Seagull And javier lookFacephi developed a face recognition algorithm and improved its marketing efforts. financial sectorHere, progress in digitization and the need to strengthen the security of remote operations gave it a niche for growth. After the first few years of difficult to go to market, in 2020 Swiss fund Nice&Green injecting 33m euros into the company – allowed them to take an ambitious venture growth planaccelerated by the development of the platform Facephi Identity Platform, this allows companies of all sizes to use verification systems without the need for expensive integration processes.
According to the information provided by the company itself in the presentation of last year’s results, there are currently more than one 250 customers spread all over the world and especially more than 200 banks they use their technology to authenticate their customers.
Although it remains one of the main shareholders, Salvador Marti resigns from the presidency It is being signed in July 2021 to focus on other projects such as Intercity -the first Spanish club to open to the public- and a chain of cafeterias vanadium, he also wants to list. If Javier Mira remains CEO The company currently has more than 200 employees.