Frost & Sullivan Lauds BIO-key for Expanding its Footprint in the Biometric Fingerprint Authentication Market
BIO-key’s software and hardware products empower customers to provide accurate, high-performance solutions over a variety of end-point devices
MOUNTAIN VIEW, Calif. — November 19, 2015 — Based on its in-depth analysis of the biometric fingerprint authentication market, Frost & Sullivan recognizes BIO-key with the 2015 Global Frost & Sullivan Award for Product Line Strategy Leadership. Each year, Frost & Sullivan presents this award to the company that has developed the most comprehensive product line catering to the needs of the market it serves. The award recognizes the extent to which the product line meets and expands on customer base demands, the overall impact it has in terms of customer value after deployment, as well as growth in market share and acceptance.
BIO-key has leveraged 22 years of experience to offer unique product features in support of commercial biometric deployments. Unlike traditional government applications, commercial biometrics deployments must fit in with existing identity ecosystems and applications. BIO-key has succeeded at both building a flexible product suite and forging the partnerships with the major identity and access Management (IAM) providers, so that existing enterprises can shorten the time-to-value when bringing BIO-key into their enterprise. . BIO-key’scommitment to quality and hardware price optimization has won it strong partnerships with key players such as IBM, CA Technologies, and Oracle, and OEM relationships with household names such as McKesson, NCR, Allscripts and LexisNexis. More recently, BIO-key broke down the cost barriers on delivering high-quality USB fingerprint scanners, leading to Microsoft making BIO-key their exclusive biometric partner in the Windows 10 for Business launch events nationwide.
“BIO-key’s vision sets it apart from the competition, as they ensure that the biometric authentication functions are directly integrated with existing applications for rapid time to value,” said Frost & Sullivan Global Program Director Jean-Noël Georges. “In addition, BIO-key has designed and manufactures a line of high-quality, but low-cost fingerprint readers that connect to users’ devices via USB. With BIO-key’s emphasis on affordability, the reader is ideally positioned to replace or reinforce legacy authentication solutions, especially within the security-centric retail, healthcare and banking sectors.”
Owing to avertical market focus, BIO-key is able to deliver specific fingerprint solutions to each of its target customer groups that are tailored to the specific requirements of that market, whether regulation- or usability-driven. This novel multi-factor, multi-target platform allows the company to address a broad range of vertical markets such as healthcare, education, retail, government, mobility, original equipment manufacturers, and identity and access management.
BIO-key’s platform seamlessly interoperates with more than 50 fingerprint readers from over 35 manufacturers. Furthermore, its software has been integrated with specialized industry software such as EpicCare and Allscripts, as well as widely used identity and access management (IAM) platforms such as IBM’s ISAM for Web, IBM ESSO, CA Technology’s SiteMinder, and Oracle Access Manager. The company recently announced a license agreement with sensor manufacturers IDEX and NEXT Biometrics to provide an advanced biometric solution for the mobility market. This announcement positions BIO-key as a major player in the mass market.
“BIO-key’s combination of time-tested software and value-priced hardware components will create a scalable and cost-efficient fingerprint authentication solution for markets that previously found biometrics prohibitively expensive,” noted Georges. “This solution creates a truly value-added solution that efficiently caters to customer requirements.”
Michael DePasquale, BIO-key Chairman & CEO, noted “We are truly honoured to have won a second strategy-related award from Frost & Sullivan. We have worked hard to build a platform that best benefits customers and solves problems. This award demonstrates again that our visionary thinking and attention to detail is critical to BIO-keys success, as the global biometric market place emerges into the main stream.”
About BIO-key
BIO-key International, Inc. develops and delivers advanced fingerprint biometric identification solutions to commercial and government enterprises, integrators, and application developers. BIO-key’s award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world’s largest identification deployments to improve security, guarantee identity, and reduce identity theft. BIO-key’s technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on “the next big thing”
Register: Gain access to visionary innovation
Contact:
Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003
E: [email protected]
