Aware Deepens Executive Bench with Appointment of Brian Krause as Chief Revenue Officer

Rhea-AI Summary

Aware Inc (NASDAQ: AWRE) has appointed Brian Krause as its new Chief Revenue Officer. Krause brings over 10 years of experience in biometric and digital identity technology industries. His previous roles include Managing Director at Incode, where he doubled the region's ARR, Vice President of Global Revenue at Veriff, and Vice President at AnyVision (now Oosto).

In his new role at Aware, Krause will have full responsibility for end-to-end revenue. His appointment comes at a time when biometrics adoption has accelerated, driven by the pandemic's push toward remote service enrollment. CEO Ajay Amlani emphasizes that biometrics represent the most viable option for identity verification, compared to compromised passwords and limitations of physical identification documents.

Positive

• Appointment of experienced CRO with proven track record of doubling ARR in previous role
• Strategic hire with over 10 years of relevant industry experience in biometrics and digital identity
• Strengthened executive team during period of market expansion

Negative

• None.

Experienced Professional Assumes Full Responsibility for End-to-End Revenue

BURLINGTON, Mass., March 10, 2025 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading global authentication company, today announces Brian Krause as its new Chief Revenue Officer. Brian is an accomplished go-to market leader with more than 10 years of experience in the biometric and digital identity technology industries.

Prior to assuming his role at Aware, Brian served as Managing Director, North America for Incode, a global digital identity technology company. With full profit and loss (P&L) responsibility, he more than doubled the region’s ARR.

Before Incode, Brian held the position of Vice President of Global Revenue at Veriff, a digital identity verification technology provider, where he had full responsibility for end-to-end revenue. Additionally, Brian served as Vice President, Head of Business Unit at AnyVision (now Oosto). Prior to his biometrics experience, Brian held positions at Pivot3, Panasonic Solutions Company, ELERTS Corporation and AT&T.

“Over the past decade, the pandemic has acted as a natural catalyst for biometrics adoption, as consumers began remotely enrolling in day-to-day services like banking,” says Brian. “At the same time, consumers grew more accustomed to the superior convenience and security that only biometrics can provide, and so biometric adoption has only accelerated. I’m excited and eager to bring my experience in scaling company growth to Aware as the market continues to expand.”

“Out of the three factors for identity — what you know (like passwords, etc.); what you carry (physical identification documents) and who you are (biometrics) — the first has been completely compromised through data breaches, and the second has inherent limitations in the digital era and has been subverted with increasingly sophisticated fraudulent IDs. This leaves biometrics as the only viable option for bulletproof identity verification,” says Ajay Amlani, CEO, Aware. “Biometrics should be an anchor of identity, but to date, they’ve been underutilized. As the industry reaches a tipping point, Brian’s leadership will be instrumental in driving Aware’s growth and impact.”

About Aware
Aware is a global biometric platform company that uses data science and machine learning to tackle everyday business and identity challenges through biometrics. For over 30 years we’ve been a trusted name in the field. Aware’s offerings address the growing challenges that government and commercial enterprises face in knowing, authenticating and securing individuals through frictionless and highly secure user experiences. Our algorithms are based on diverse operational data sets from around the world, and we prioritize making biometric technology in an ethical and responsible manner. Aware is a publicly held company (NASDAQ: AWRE) based in Burlington, Massachusetts. To learn more, visit our website or follow us on LinkedIn and X.

Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties. These forward-looking statements include statements regarding the expected increase in use of biometric authentication and the expected growth of Aware. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements. We refer you to the risk factors set forth in the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and filings we make with the Securities and Exchange Commission.

CONTACT
Company Contact                
Delaney Gembis                                        
Aware, Inc.                                                        
781-687-0393                                                        
marketing@aware.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a2b2c09-a41e-40c5-b7be-cb7866347432

FAQ

Who is the new Chief Revenue Officer at Aware (AWRE)?

Brian Krause has been appointed as Aware's new Chief Revenue Officer, bringing over 10 years of experience in biometric and digital identity technology industries.

What was Brian Krause's achievement at Incode before joining AWRE?

As Managing Director for North America at Incode, Krause more than doubled the region's Annual Recurring Revenue (ARR).

What are Brian Krause's previous work experiences before Aware (AWRE)?

Krause worked as Managing Director at Incode, VP of Global Revenue at Veriff, VP at AnyVision (now Oosto), and held positions at Pivot3, Panasonic Solutions Company, ELERTS and AT&T.

Why is Aware (AWRE) focusing on biometric authentication according to the announcement?

According to Aware's CEO, biometrics are the most viable option for identity verification, as passwords have been compromised through data breaches and physical IDs have limitations in the digital era.