Card Scanning Solutions, an identity solutions software provider, recently acquired investments from three different investment firms. Insight Venture Partners, Red Oak Growth Partners, and Egis Capital Partners, are said to have backed the firm without revealing the financial terms. Card Scanning Solutions develops software used to read data from important identification cards such as driver licenses, medical cards, and sever other pertinent documents.
Yossi Zekri, chief executive officer of CSSN said that "This capital infusion will help CSSN to accelerate its innovative product development efforts and more rapidly expand our reach in the market." He continued to say this capital infusion will help their company to accelerate its product research and development efforts, and expand their market reach.
"Our investors' deep experience in software and innovative technology makes them great partners for us as we launch our new offerings for mobile devices such asIDScan® GO, MedicScan® GO, and cloud-based image processing," he added.
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