Biosite

Biosite Systems Ltd., established in 2010, provides technology-driven solutions tailored for the construction industry, focusing on enhancing operational efficiency, safety, and compliance. The company was founded by Li Wang, a computer science expert with a PhD from the University of Warwick, and Greg Reynolds, an electronic engineering specialist. They identified a critical need for reliable workforce data in construction, a sector challenged by a transient workforce and harsh conditions that impede standard biometric systems. To address this, they collaborated with algorithm expert Adam Bowen to create a proprietary biometric fingerprint algorithm with 99.99% accuracy, even with the low-quality fingerprints common on construction sites.

The firm’s core business revolves around a suite of integrated hardware and software products that form 'The Biosite System'. This system includes biometric access control (fingerprint and facial recognition), workforce management software, wireless fire alarms, and site security solutions like CCTV. Data captured from various devices on-site is channeled to a cloud-based software portal, giving clients real-time visibility of site activities at both individual and group levels. This enables data-driven decision-making for managing everything from worker competency and health and safety to site access and time and attendance. The company serves a diverse client base, ranging from small businesses to large multinational construction companies and contractors. Revenue is generated through the provision of these technology-enabled services and tailored end-to-end solutions.

A significant milestone in the company's history was its acquisition by ASSA ABLOY, a global leader in access solutions, in February 2020. This acquisition followed a period of substantial growth for Biosite, which saw its revenue triple in the three years leading up to the deal, reaching £14 million in sales in 2019. The partnership was a strategic move to support Biosite's domestic growth and facilitate global expansion, with Biosite positioned to lead ASSA ABLOY's new construction vertical. Under the parent company, Biosite continues to develop its solutions, such as launching a facial recognition system for contactless site entry, while leveraging ASSA ABLOY's global reach.

Keywords: biometric access control, workforce management, construction technology, site security, health and safety compliance, fingerprint recognition, facial recognition, wireless fire alarms, cloud-based software, construction site management, real-time data, competency management, time and attendance, ASSA ABLOY, Li Wang, Greg Reynolds, UK construction, site efficiency, safety solutions, asset management