Business
Identity & Access Management (IAM) Solutions Provider BIO-key Reports Increased Revenue and Reduced Net Loss on Growth in Cloud ID-as-a-Service (IDaaS); Investor Call Tomorrow at 10am ET
WALL, N.J., Aug. 16, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of biometric and multi-factor identity and
About this update from Bio-key International, Inc.
[{"type":"text","content":"WALL, N.J., Aug. 16, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of biometric and multi-factor identity and access management (IAM) solutions for strong, convenient user authentication and large-scale identity applications, today reported results for its second quarter and six months ended June 30, 2021 (Q2’21). BIO-key will host a conference call tomorrow at 10:00 a.m. ET (details below) to review its results and outlook. Highlights: Q2 Customer Wins California Community College System Expanded to 55+ Customers with Addition of Mendocino CollegeMigration to PortalGuard® Identity-as-a-Service (IDaaS) Platform Accelerates as Higher-Education and Enterprise Customers Choose Cloud-Based Identity Management Q2 Channel Alliance Partner Program Expansion Added Kenya-Based Cyber Security Provider Kristel Communication to Expand Reach in High-Growth East African MarketsUVS Infotech Partnership Opens Maryland, Virginia Higher-Ed Markets + Potential Government Projects Product Innovation Introduced New MobileAuth™ app with PalmPositive™Won Lucintel 2021 Technology Innovation Award in Biometric Market Category.Introduced SSO Concierge™ to BIO-key’s PortalGuard IAM Platform, Eliminating Passwords for Thick Client Applications;PortalGuard IDaaS Won RemoteTech’s “Identity Management Solution of the Year”.Secured U.S. Patent for Enabling Next-generation Continuous Biometric User Authentication, Increasing BIO-key’s IP portfolio to 18 patents.Introduced New Fingerprint Scanner Hardware to Support Secure and Convenient Biometric Authentication BIO-key CEO Michael DePasquale commented, “Our pace of growth in the first half of 2021 reflects the progress we made in strengthening our team, our product offerings and our financial position since 2020. We have seen increased demand for our PortalGuard IDaaS cloud offering along with progress building out our Channel Alliance Partner (CAP) program which added more than 40 new partners in the first half of 2021, bringing us to over 100. The program extends our global reach to new customers in new and existing verticals and geographies in a cost-effective manner. “We are seeing growing demand for our PortalGuard cloud-hosted IDaaS solution launched in Q4’20, with particular strength in higher education and key enterprise verticals. PortalGuard IDaaS is an id...