From Kansas City Business Journal
EyeVerify lawyer: Sale sets precedent for KC security tech's future
by Elise Reuter
The sale of EyeVerify Inc. to Alibaba subsidiary Ant Financial on Tuesday made waves throughout Kansas City's growing startup community.
Greg Kratofil, Jr.
, the Polsinelli PC attorney who sealed the deal, said the notable sale would affect not only the future of banking, but also put Kansas City on the map for security tech.
"It was very exciting. It was a lot of work with a lot of people at our place," Kratofil said. "Three dozen banks and financial institutions are using or testing it right now. … I think the timing was right."
The tech attorney has worked with the budding biometrics company since the very beginning. He met EyeVerify CEO Toby Rush at the first Great Plains Capital Conference, and the two began working together after Rush formed the company in 2012.
"He had to invest a lot of time, energy and money into making sure the concept on paper could be developed and built," Kratofil said.
Kansas City Business Journal
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