BioNetrix Systems Corp

About BioNetrix Systems Corp

BioNetrix Systems Corp., now operating as BNX Systems, was established in 1997 by co-founders Peter Bianco, a former executive recruiter, and Karl Ware, who previously worked with the Central Intelligence Agency. The firm specializes in controlled-access management technology, addressing the need for interoperability between disparate biometric security systems.

The core of the company's offering is a proprietary sign-on technology that enables various authentication devices—such as smart cards, tokens, and a wide array of biometrics including fingerprint, iris, and facial scanners—to communicate seamlessly regardless of their underlying software. This creates a unified security framework for enterprise environments. The technology has found applications within the finance, healthcare, and government sectors.

Initially, the company's market strategy involved selling "StarterKits" for $2,500, which provided customers with BioNetrix software and a limited set of devices for voice, face, and fingerprint recognition. This approach secured early clients like DrugEmporium.com and the World Bank. In a significant strategic shift in 2000, John Ticer was appointed CEO to spearhead a push towards acquiring Fortune 500 accounts and guide the company towards a potential initial public offering or acquisition. Over its history, the company has successfully raised $9 million in funding to support its growth and technological development.