Mitek Success Story

Mitek

Introduction:

Mitek is a technology company that focuses on mobile capture and digital identity verification. Mitek was founded in 1986 by John M. Thornton and is headquartered in San Diego, California. The company is well-known for its innovative services that allow businesses and organizations to remotely verify and confirm individuals' identities using mobile devices and artificial intelligence. Mitek's technology is used to improve security and streamline customer onboarding processes while preventing fraud in a variety of industries, including financial services, healthcare, and e-commerce.

Breaking New Ground:

During its early years, Mitek was essentially a pioneer in the field of mobile capture and digital identity verification. It ventured into uncharted territory, striving to make identity verification more accessible, secure, and convenient in an increasingly digital world.

Technological Evolution:

One of the significant struggles Mitek faced was keeping up with the rapid technological advancements. As mobile devices and software evolved, Mitek had to continuously adapt and enhance its solutions to remain at the forefront of the industry. This required substantial investments in research and development.

Building Trust:

Establishing trust in the capabilities of their technology was another hurdle. Convincing businesses and institutions to embrace mobile capture and digital identity verification as essential components of their operations took time and effort. Mitek had to demonstrate the reliability and security of their solutions to gain the confidence of their clients.

Regulatory Challenges:

Navigating the complex landscape of regulations and compliance standards related to identity verification presented yet another obstacle. Mitek had to ensure that its solutions complied with various legal requirements and industry standards, adding an extra layer of complexity to its operations. Despite these early struggles, Mitek's dedication to innovation and its commitment to solving real-world problems eventually paid off, propelling the company into a position of leadership in the field of mobile capture and digital identity verification.

Subsidaries:

• MiTek Corporation:

MiTek Corporation is a global company specializing in advanced engineered products for the building industry. Established in 1955 and headquartered in St. Louis, Missouri, USA, MiTek is renowned for its innovative solutions, which include engineered timber products, steel connectors, software solutions, and prefabricated frames and trusses.

• MiTek Australia Ltd.:

MiTek Australia Ltd. operates in Australia and offers a range of building industry solutions. Established in 1969, it provides engineered timber products, steel connectors, software solutions, and prefabricated frames and trusses. With over 300 employees, it operates from six locations across the country.

• MiTek New Zealand Ltd.:

Since its establishment in 1974, MiTek New Zealand Ltd. has been a trusted provider of building industry solutions in the picturesque landscapes of New Zealand. With a dedicated team of over 100 employees, it operates efficiently from four strategically located offices across the country. MiTek New Zealand Ltd. continues to contribute to the country's construction sector by offering innovative products and services.

• MiTek Japan Co. Ltd.:

For over three decades, MiTek Japan Co. Ltd. has played a pivotal role in Japan's building industry. Established in 1988, this dynamic subsidiary has been supplying high-quality building products and services. With a dedicated workforce of over 50 employees, MiTek Japan Co. Ltd. has two thriving locations in Tokyo and Osaka, ensuring a wide-reaching presence in the Japanese market.

• MiTek Vietnam Co. Ltd.:

Founded in 2006, MiTek Vietnam Co. Ltd. swiftly emerged as a reliable provider of building industry solutions in the vibrant Vietnamese market. With over 100 dedicated employees, the company operates from two strategic locations in Ho Chi Minh City and Hanoi, serving the diverse construction needs of Vietnam with a commitment to excellence.

• Benson Wall Systems Philippines, Inc.:

Since its inception in 2012, Benson Wall Systems Philippines, Inc. has been a prominent player in the Philippines' construction scene. Specializing in curtain wall systems for high-rise buildings and other projects, the company boasts a dedicated workforce of over 200 employees. Located in the heart of Manila, the company's operations exemplify quality and innovation.

• Benson Wall Systems Pte. Ltd.:

Since 2013, Benson Wall Systems Pte. Ltd. has been making its mark in Southeast Asia's construction landscape. With a team of over 50 professionals, the company provides cutting-edge curtain wall systems for high-rise buildings and various projects. Its central location in Singapore allows it to cater to the unique architectural needs of the region.

• Benson, Ltd.:

Benson, Ltd., founded in 2014, has established itself as a major player in South Korea's construction industry. The company employs over 100 people and specializes in curtain wall systems for high-rise buildings and projects in Northeast Asia. The company's operations, which are based in Seoul, uphold South Korea's tradition of architectural excellence.

• Buildsoft Pty Ltd.:

Acquired by MiTek in 2015, Buildsoft Pty Ltd. has been a driving force in Australia's construction industry. Specializing in software solutions for the construction sector, the company's innovative products cover estimating, takeoff, project management, and accounting. Buildsoft Pty Ltd. continues to empower builders and contractors with cutting-edge technology.

These subsidiaries collectively contribute to MiTek's mission of delivering advanced engineering solutions to the global building industry.

Mission:

Mitek's mission is to make digital identity verification easy, secure, and accessible for everyone. We use technology to help businesses and organizations verify people's identities quickly and accurately, making online transactions and interactions safer and more convenient. Our goal is to prevent fraud, protect privacy, and enhance the digital experience for people all around the world.

Inspirational Message:

MiTek and its branches show us how important it is to be creative, work hard, and always aim for the best. They began small but are now big in the construction world. This tells us to have big dreams and put in lots of effort to achieve them.

Just like a tall building starts with one brick, all great things begin with a small step. So, when you start your own journey, think of MiTek.

It teaches us that if you have a vision, keep trying, and never stop aiming for the best, you can also reach great heights and have a successful future.

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