We are delighted to announce the closing of our latest deal in BWE Fund II with the purchase of Authentix, a leading global authentication and information services company (www.authentix.com).
Authentix is a pioneer in developing and delivering authentication solutions for the protection of high-value consumables such as refined oil and gas supplies (e.g. gasoline, diesel, lubes, and LPG). For over twenty years Authentix has assisted governments, IOCs, NOCs and consumers in combating illicit trade and securing their supply chains’ integrity.
The genesis of Authentix lies in the merger of two technologically differentiated companies: Biocode, a UK spin-off from Shell with a tracer technology; and Isotag, a US-based company founded by former Exxon executives commercialising molecular marker technology developed by Los Alamos National Labs.
Today, Authentix has marked over 1.5 trillion litres of fuel and recovered billions in revenue for its clients. The company has offices in key international locations and employs over 150 staff, many of whom are leading scientists in their respective technological fields. Its technology has been continually improved, creating a diversified offering across an array of applications in oil and gas, as well as protecting brands, banknotes, pharmaceutical and agrochemical products.
The experienced management team, led by CEO Bernard Bailey, has structured an exciting international growth story which the team at Blue Water Energy look forward to supporting.