Business
Identity, Security & Access Control Provider BIO-key Reports Q3 Revenue Growth of 38% Year-over-Year and 31% Sequentially Driven by Increased IDentity-as-a-Service Cloud Revenue; Investor Call Tomorrow at 10am ET
WALL, N.J., Nov. 15, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer identity and access
About this update from Bio-key International, Inc.
[{"type":"text","content":"WALL, N.J., Nov. 15, 2021 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) and large-scale identity solutions, today reported results for its third quarter and nine months ended September 30, 2021 (Q3’21). BIO-key will host a conference call tomorrow at 10:00 a.m. ET (details below) to review its results and outlook. Recent Customer Wins Orange County, FL Supervisor of Elections Expands Biometrics use with PortalGuard® to Secure Election Data AccessUniversity of Denver and Oklahoma Wesleyan select PortalGuard IAM for Enterprise-wide Secure, Frictionless Portal and Application Access Growing Channel Alliance Partner (CAP) Program Nation’s leading provider of technology services and solutions, Intelisys, joins CAP programCyberlitica, a provider of advanced cyber threat intelligence services for enterprise, government and consumer markets, joins CAP program. Product Launches and Awards BIO-key Launches FIDO2 Compliant Security KeysExpands Fingerprint Scanner Line with Next-Generation EcoID II USB CompactUnveils MobilePOS Pro Android All-in-one Terminal for Biometric-Secured CommercePortalGuard Wins 2021 Cybersecurity Breakthrough Award “Access Management Solution of the Year”BIO-key MobileAuth™ with PalmPositive™ wins Lucintel 2021 Technology Innovation Award in Biometric Market Category BIO-key CEO Michael DePasquale commented, “We are pleased with the progress of our core business in Q3, as we continued to generate increasing demand for our cloud-based PortalGuard identity and access control solution. We substantially expanded the reach of our Channel Alliance Partner program through a Master Agent Referral Partner Program with Intelisys. PortalGuard is now the first IAM platform to be offered by Intelisys to its extensive partner network, providing a potentially transformational opportunity to expand our customer engagement. We have added over 40 partners to the CAP program this year, bringing us over 100 partners to significantly extend our reach into new and existing markets. “We launched the cloud-hosted version of PortalGuard in late 2020 and we are achieving solid new customer engagement, particularly in higher education, enterprise, and election security verticals. PortalG...