The company was founded in 1996 and is headquartered in Oslo, but its main operation is in the US, with offices in New York and Massachusetts.

IDEX holds early patents for low-cost capacitive fingerprint sensors and has a cross-licence with Apple relating to this technology.

[10][11] Fingerprint-based authentication of payment cards has gradually become the main focus of the company's efforts to commercialize its technology.

[12] In March 2021, the company started shipping TrustedBio, a new generation of sensors specifically targeting the card market.

[13] IDEX has announced partnerships with global companies including Mastercard,[14] IDEMIA,[15] Chutian Dragon,[16] Feitian,[17] Goldpac,[18] HED,[19] Hengbao,[20] Excelsecu,[21] Infineon,[22] and XH Smart Tech.