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Nepal awards biometric passport contract worth $55.11 million to Mühlbauer and Veridos, surprising incumbent Idemia.

Jun 23, 202512 months ago

Contract Type

contract

NepalInformation TechnologySecurityCyber SecurityBiometrics

Description

Mühlbauer and Veridos secured the contract to provide biometric passports to Nepal, outbidding Idemia, which had held the contract for 15 years. The total contract value is $55.11 million, which includes a package for enrollment systems and IT infrastructure, as well as biometric passport booklets.

Company Information

Company

Mühlbauer

Location

Nepal

About

Mühlbauer is a global provider of innovative solutions in the fields of secure identification and automation. The company specializes in biometrics, RFID, and electronic systems, helping governments and businesses enhance security. With decades of experience, Mühlbauer supports projects around the world.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.