Security

Zwipe Shifts Focus to Access Control in Major Strategic Pivot

In this Research Note, we examine the Norwegian biometrics specialist, Zwipe and its shift in strategic direction to focus solely on access control, announced on 16th January 2024. This article is based on their webcast presentation, 2022 annual report and selected announcements throughout last year. Founded in 2009, Zwipe AS is a technology supplier of biometric payment and access cards, based in Oslo, Norway, with a presence in 10 countries. The company is listed on the Euronext Growth Market on the Oslo Stock Exchange and on the Nasdaq First North Growth Market in Stockholm. Shift in Strategic Focus Zwipe announced a new strategic direction in January 2024, increasing its focus on Zwipe Access and accelerating the commercialization of its biometric authentication technology in the access control market. As a result of the change in strategic focus, the company has initiated a restructuring process that is expected to reduce operational costs, particularly related to Zwipe Pay, […]

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