Avi Naor invests in FST, joins board

RISHON LEZION, Israel—FST Biometrics, provider of In-Motion Identification biometric technology, announced that FST board member Avi Naor made an investment of an undisclosed amount in FST Biometrics and has been appointed chairman of the board.

“As a member of FST Biometrics' board of directors, I have seen the significant interest that tier-one customer prospects have shown in the company's game-changing technology and offerings,” Naor said in a prepared statement. “I look forward to working with the outstanding leadership team—headed by FST's founder and CEO, Aharon Zeevi Farkash—to take the company to the next level."

Naor, a high tech entrepreneur, served as CEO and president of software provider Amdocs, which he co-founded, from 1995 until 2002. Naor led the company's IPO in 1998, as well as several subsequent offerings, and is credited with building the company into a multi-billion-dollar company. As part of the Alpha Group investment organization, Naor bought equity in Retalix, Ltd., and served as board chairman from 2011 until 2012, when Retalix was sold to NCR.

“From his outstanding leadership at Amdocs to maximizing the value of Retalix, and, of course, his impactful work with Or Yarok, Avi Naor has demonstrated the winning combination of vision and passion that virtually ensures significant growth and achievement for any organization he touches,” Major General (Res.) Farkash said in a statement. “We look forward to Avi playing a major role in our future success and expansion.”

Eti and Avi Naor are social entrepreneurs and Israeli philanthropists. Their Naor Foundation focuses on three main areas: Road safety, children and youth at-risk, and supporting the periphery through investing in developing communities. Naor is a 2014 Israel Prize laureate, and the recipient of Israel's Presidential Medal of Distinction.