Authentix Names Bernard C. Bailey Chairman and CEO

DALLAS--(BUSINESS WIRE)--Authentix, the global leaders in authentication, today announced that its board of directors has appointed Bernard C. Bailey as Chairman and Chief Executive Officer, effective immediately. Mr. Bailey, a 30-year veteran of the security and high tech industries, has served on the Authentix board of directors since 2011. He succeeds David Moxam, who served as Chairman and CEO for Authentix since 2002.

“The combination of world class technology, premier customers and an exceptional team of industry experts is a great platform that positions the company well for continued expansion and growth.”

“Bernard Bailey is an industry visionary with a proven track record of success,” said Stephen W. Bailey*, Managing Director of The Carlyle Group and Member of the Authentix Board of Directors. “Bernard has the leadership and operational skills to take Authentix to the next level of growth and success.”

“I’m excited and honored to have the opportunity to lead Authentix,” said Bernard Bailey. “The combination of world class technology, premier customers and an exceptional team of industry experts is a great platform that positions the company well for continued expansion and growth.”

Mr. Bailey served as President and CEO of Viisage Technology, Inc., a provider of advanced technology identity solutions. During his four years of leadership, Viisage’s market capitalization grew from $60 million to $1 billion. In that period the company executed nine acquisitions, culminating in the formation of L-1 Identity Solutions. He has also served as Chief Operating Officer for Art Technology Group (ATG), an e-commerce software provider, and worked for 17 years at IBM where he held executive roles that contributed to the development of IBM Global Service's systems integration and consulting business lines.

Speaking on behalf of the board, Stephen W. Bailey said, “We appreciate David Moxam’s leadership and service to Authentix. Over the past ten years, David built an exceptional team that has allowed Authentix to emerge as the industry’s leading ‘pure-play’ authentication company, pioneering many advanced technology firsts, while providing significant benefits to our global customers.”

*Messrs. Bailey and Bailey are not related.

About Authentix

Authentix®, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix safeguards clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. www.authentix.com