SEOUL, Dec 1 – Suprema, Inc., a leading global provider of biometrics and ID solutions, today announced that the company has been recognized as one of the top 50 largest security companies in A&S’s 2016 Security 50 rankings. In this year’s rankings, Suprema moved up in its ranking from 34th to 31st with its 2015 annual revenue of US$52.1 million.
Since 2011, Suprema has been ranked in Security 50 for 6 consecutive years and is the only dedicated biometrics company in 2016 rankings. The Security 50 from A&S magazine is an annual rankings of public-listed physical security manufacturers around the globe solely based on their financial performance (sales revenue).
On the rank, companies’ business ranges from biometrics, access control, video surveillance, alarms and integrated security solutions. In 2016 Security 50 rankings, Suprema is the only dedicated biometrics company among the ‘Access Control Product Group’, and Suprema ranked 6th in Access Control rankings after multi-nationals including Assa Abloy, Allegion and Nedap.
“We are thrilled to be recognized as one of the key players in security industry by listing our name on 2016 Security 50 rankings. This is an incredible reflection of overarching vision and innovations of our technology, products and solutions. When it comes to biometrics, the market focus is shifting from technological advances to user convenience,” said James Lee, president at Suprema.
“As credential management and interoperability became more important, we will put more effort on better delivering identity management solutions while maintain best-available biometric technologies over the competition.” During 2010-2015 period, Suprema has recorded vigorous growth at CAGR of 12% and the company has also achieved consistent double digit growth throughout past decade.