Recent Acquisition Cognitec Systems was acquired by Salto Group in March 2022, showcasing a potential opportunity for cross-selling face biometrics solutions with other access control products within the Salto Group's portfolio.

New Partnership The partnership between Cognitec Systems and Salto Group has opened doors for collaboration in the biometric market, indicating a chance to jointly target customers seeking integrated face recognition and access control solutions.

Technology Enhancement Cognitec's launch of the verification feature to FaceVACS-Entry technology presents an upselling opportunity for existing clients looking to enhance their face recognition capabilities, potentially leading to increased sales.

Personnel Transition The promotion of Mikael Fagerlund to VP Sales and Marketing signals a shift in strategy and focus within the sales department, offering a chance to leverage his leadership to drive new sales initiatives and expand market reach.

Market Recognition Cognitec's FaceVACS® software has been independently evaluated for premier performance, providing a strong selling point to demonstrate the reliability and efficiency of the company's face recognition solutions to potential clients.