BIO-key's PortalGuard Identity-as-a-Service (IDaaS) Platform Expands its Footprint in Higher Education to 30 IDaaS Customers with Addition of Illinois' North Central College
February 15 2022 - 7:57AM
BIO-key International, Inc. (NASDAQ: BKYI), an
innovative provider of workforce and customer identity and access
management (IAM) solutions featuring Identity-Bound Biometrics
(IBB), today announced that North Central College in Naperville,
IL, has selected its PortalGuard IDaaS platform to secure access to
critical enterprise applications, enhance its online user
experience, and reduce IT resource-related expenses. BIO-key
continues to expand its national footprint in higher education with
over 200 higher education institutions, including 30 IDaaS
customers across 12 states, supporting over 2.5 million students,
faculty, staff, administration, and alumni with cloud-based
solutions.
PortalGuard IDaaS will significantly improve
user access by providing secure multi-factor authentication (MFA)
and single sign-on (SSO) to campus-wide applications, including
Microsoft Office 365, Blackboard, and Ellucian Colleague, among
others, while replacing expensive competitive solutions that are
challenging to manage and support. By leveraging PortalGuard's
robust self-service password reset capabilities, North Central
College can solve a significant IT pain point and essentially
eliminate related help desk costs providing an immediate return on
investment. Deployments of PortalGuard IDaaS continue to gain
momentum across multiple industries, including education,
healthcare, finance, and government, by cost-effectively addressing
today's cyber threats and enabling the migration of on-premise IAM
solutions to the cloud.
"Higher Education has become an attractive
target for cyberattacks, so institutions are seeking highly secure,
scalable, and redundant IAM solutions to safeguard both student and
institutional data and resources," said Mark Cochran, President of
BIO-key – PortalGuard. "The BIO-key security team, with our
comprehensive suite of IAM solutions, is uniquely positioned to
assist higher-ed institutions with enhancing their information
security plans and effectively addressing the challenging risks to
institutional security and privacy."
About BIO-key International, Inc.
(www.BIO-key.com)BIO-key
has over two decades of expertise in providing authentication
technology for thousands of organizations and millions of users and
is revolutionizing authentication with biometric-centric,
multi-factor identity and access management (IAM) solutions,
including its PortalGuard IAM solution, that provides convenient
and secure access to devices, information, applications, and
high-value transactions. BIO-key's patented software and hardware
solutions, with industry-leading biometric capabilities, enable
large-scale on-premises and cloud-based Identity-as-a-Service
(IDaaS) solutions, as well as customized enterprise 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.
These risks and uncertainties include, without limitation, our
history of losses and limited revenue; our ability to raise
additional capital; our ability to protect our intellectual
property; changes in business conditions; changes in our sales
strategy and product development plans; changes in the marketplace;
continued services of our executive management team; security
breaches; competition in the biometric technology industry; market
acceptance of biometric products generally and our products under
development; the duration and severity of the current coronavirus
COVID-19 pandemic and its effect on our business operations, sales
cycles, personnel, and the geographic markets in which we operate;
delays in the development of products and statements of assumption
underlying any of the foregoing 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, 2020 and other filings with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date made. Except as required by law, the
Company undertakes no obligation to disclose any revision to these
forward-looking statements whether as a result of new information,
future events, or otherwise. Additionally, there may be other
factors of which the Company is not currently aware that may affect
matters discussed in forward-looking statements and may also cause
actual results to differ materially from those discussed. In
particular, the consequences of the coronavirus outbreak to
economic conditions and the industry in general and the financial
position and operating results of our Company, in particular, have
been material, are changing rapidly, and cannot be predicted.
Engage with BIO-key: Facebook – Corporate:
https://www.facebook.com/BIOkeyInternational/ LinkedIn – Corporate:
https://www.linkedin.com/company/bio-key-international Twitter –
Corporate: @BIOkeyIntlTwitter – Investors: @BIO_keyIRStockTwits:
BIO_keyIR
BIO-key Media Contact:Erin Knapp Matter
Communications BIO-key@matternow.com 914-260-3158
Investor Contacts:William Jones, David
CollinsCatalyst IRBKYI@catalyst-ir.com212-924-9800
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
BIO key (NASDAQ:BKYI)
Historical Stock Chart
From Apr 2023 to Apr 2024