Identity and Access Management Solutions Provider BIO-key Announces Expanded Partner-Centric Channel Alliance Program
February 18 2021 - 7:58AM
BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider
of identity and access management (IAM) solutions powered by
biometrics, today announced an expanded Channel Alliance Partner
(CAP) program designed to significantly broaden its global partner
ecosystem and provide substantial new revenue opportunities for
BIO-key partners. Originally launched in 2019, this expanded CAP
program enables Managed Service Providers (MSPs), Managed Security
Service Providers (MSSPs), system integrators and value-added
resellers to take advantage of BIO-key’s flexible IAM solutions,
including PortalGuard® IDaaS or Identity-as-a-Service, to create
profitable customer relationships, cement themselves as trusted
cybersecurity advisors, and drive recurring revenue for their
businesses.
With the addition of PortalGuard IDaaS, a subscription-based
cloud authentication platform, BIO-key partners can deliver the
combined benefits of biometric identity with highly flexible
options for single sign-on (SSO), multi-factor authentication,
self-service password reset and more. All of these features are
easily configured to support any IAM strategy for securing customer
and workforce access. Furthermore, BIO-key’s solutions integrate
easily with other bundled technology solutions, making them a
simple and cost-effective option for partner sales.
BIO-key’s expanded CAP program underscores the company’s
continuing partner-centric commitment to ensuring its channel’s
success. BIO-key invests significant time to ensure partners are
fully trained on the technology and identifying prospective
customers. BIO-key’s direct touch model assigns a solution
architect to every partner to ensure they are fully onboarded and
familiar with BIO-key’s products and solutions. Its sales team
works closely with partners on deals to ensure end-users get the
customized IAM technology solutions they need.
While BIO-key is focused on expanding its partner network, the
company maintains a keen focus on existing partner relationships.
Partners such as NGEN, Cybercore, Insight, SHI, Ingram, and D&H
continue to produce ongoing revenue opportunities. Newly engaged
partners including V-Cloud Tech, it1, Hemaya, and Sonda are
identifying joint opportunities as they launch introductory
marketing campaigns.
“We’ve added BIO-key to our partner network to
address the enterprise market’s demand for a secure and trusted
identity and access solution. One of the capabilities that stood
out about BIO-key is their biometric authentication technology
which allows us to address our customers growing interest in using
their biometrics for multi-factor authentication,” said Zim
Jackson, Sr. Partner Programs Manager, it1.
“We have ambitious plans for BIO-key’s CAP program this year,”
said Fred Corsentino, BIO-key’s Chief Revenue Officer. “Our goal is
to grow our partner sales exponentially and ultimately become the
best channel company in our markets by working closely with our
partners to fully understand what their customers want and need.
We’ll work closely with them to help them deliver our flexible
identity and access management solutions effectively so that they
stand out against their competition.”
BIO-key aims to expand its CAP program in North America, APAC
(Singapore, Hong Kong and Australia) and Africa. The partner
program will focus on key markets including financial, government
and healthcare centers, which benefit significantly from the
expertise of MSPs and solution integrators. BIO-key’s technology is
advantageous in these markets due to regulation and security
concerns. By partnering BIO-key's PortalGuard multi-factor
authentication and SSO with its core identity technology, these
end-customers will have access to flexible technology with
industry-leading biometrics, with a partner-centric approach to
business, all at an affordable cost.
For more information about PortalGuard IDaaS, visit the BIO-key
website.
About BIO-key International, Inc. BIO-key is
revolutionizing authentication with biometric centric, multi-factor
identity and access management (IAM) solutions, including its
PortalGuard IAM solution, that provide convenient and secure access
to devices, information, applications, and high-value transactions.
BIO-key’s proprietary software and hardware solutions, with
industry-leading biometric capabilities, enable large-scale
on-premise and Identity-as-a-Service (IDaaS) solutions as well as
customized enterprise and cloud solutions.
BIO-key Safe Harbor StatementAll statements
contained in this press release other than statements of historical
facts are "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995 (the "Act"). The words
"estimate," "project," "intends," "expects," "anticipates,"
"believes," and similar expressions are intended to identify
forward-looking statements. Such forward-looking statements are
made based on management's beliefs, as well as assumptions made by,
and information currently available to, management pursuant to the
"safe harbor" provisions of the Act. These statements are not
guarantees of future performance or events and are subject to risks
and uncertainties that may cause actual results to differ
materially from those included within or implied by such
forward-looking statements, as well as other factors set forth
under the caption see "Risk Factors" in our Annual Report on Form
10-K for the year ended December 31, 2019, and other filings with
the Securities and Exchange Commission.
Engage with BIO-key Facebook – Corporate:
https://www.facebook.com/BIOkeyInternational/ LinkedIn – Corporate:
https://www.linkedin.com/company/bio-key-international Twitter –
Corporate: @BIOkeyIntl Twitter – Investors: @BIO_keyIR StockTwits:
BIO_keyIR
Media ContactsMatter for BIO-keyErin
KnappBIO-key@matternow.com
Investor Relations ContactsWilliam Jones &
David Collins Catalyst IR, 212-924-9800 bkyi@catalyst-ir.com
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