Ideco recently celebrated a decade in the ever-evolving biometrics arena by hosting its annual Ideco & Partners golf day to commemorate this prestigious milestone.
Over the years, Ideco has distributed in excess of 100 000 fingerprint readers which have been deployed to securely manage more than 2,5-million people in a diverse range of professionally-managed, security-conscious businesses.
Furthermore, Ideco has invested more than R3-million in Research and Development and integration support during the last year alone, to help its partners compete effectively in the biometric market. This has resulted in an increase of 32% in revenue for Ideco.
Looking forward, Ideco has indicated that it will invest close to R10-million in the near future in new product development and endeavour to develop previously untapped markets.
Ideco managing director Marius Coetzee says he is extremely proud of his team. “Ten years in a sector that constantly changes and continuously evolves is an enormous achievement. The last two years specifically have been a constant process of reinventing our focus and our structures.”
He commended the partners. “Ideco lives in an ecosystem and needs the help from its partners while we need to help our partners. We have seen relationships that are destructive and not helping anyone in this industry. We have also seen relationships that are making a huge contribution to the security industry as a whole.”
“Today, I can proudly say that we have finally laid the foundation that would enable those partners who back Ideco unreservedly,” he adds.
Ideco operates in a specialised and niche field, it has a diverse group of individuals who are passionate about technology and the change it can facilitate. It actively explores opportunities to find new potential for its partners.
“We are not bound by bureaucracy or constrained by hierarchy. We are not afraid to innovate and explore cutting edge technology or solutions that can enhance our daily lives and create certainty through identity,” he explains.
“With 10 years of hindsight, it is not difficult to realise that the social and technological advancement we are currently seeing will bring biometric authentication to every part of our lives. Ideco is committed to building sustainable opportunities for all of us through this investment.”
“Thank you for all your support, initiatives and enthusiasm over the years, which contributed to making Ideco the company it is. Thank you for continuing our relationships and for joining us in the adventures that lie ahead,” he concludes.
