After recently evaluating the fingerprint biometric solutions market, Frost & Sullivan has singled out BIO-key, which exclusively offers mobile and Internet-based software solutions, as the recipient of the 2013 North America Frost & Sullivan Award for Competitive Strategy Innovation and Leadership. The award, presented to the company that has yielded significant market share during the research period through the implementation of inventive strategy in an existing competitive landscape, comes as a great boon to the biometric software provider.
The distinction is made with consideration given to BIO-key’s unique position in the fingerprint biometrics market. According to Frost & Sullivan Senior Research Analyst Nandini Bhattacharya, “BIO-key software infrastructure is such that it can be easily accessed from any device that has an Internet connection and a supported fingerprint reader. This capability of the architecture makes BIO-key solutions unique and extremely suitable for all types of commercial and government applications.”
“The BIO-key solutions are designed to perform seamlessly on the Internet, cloud, and traditional networks, while simultaneously being able to stand alone. This uniqueness of strategy has helped BIO-key increase its customer base over the years,” she continued. “Its tremendous track record, in both the government and commercial sectors, has stoked business growth in recent years.”
The precise focus that BIO-key has kept on its market, along with its extensive patent portfolio, which includes such solutions as Vector Segment Technology SDK, WEB-key, and True User Identification among others that can all easily be used by a wide range of devices, has allowed the company’s software platform to establish itself as the preferred solution in North America’s fingerprint biometrics industry.
Looking to the future, BIO-key has amassed a long list of partnerships in reader and scanner manufacturers, major enterprise communications infrastructure technology providers, and leading telecom companies. All of these strategic partnerings will keep BIO-key relevant and well connected to customers and the cloud, while also increasing its brand value across all mobile devices.
Speaking to the future of BIO-key’s validated technology, CEO Mike DePasquale summarized the company’s current focus, saying, “As ‘high value’ mobility applications such as mobile payments and banking begin to flood the market and fingerprint capable mobile devices become available multi-factor security that is user friendly will be a mandate for consumers. We believe that risk based security architectures will require both ‘on device’ and ‘in the cloud’ solutions and we are well positioned along with our partners to provide the highest quality finger biometric solutions available”
Based in New Jersey, U.S., BIO-key International is a leading fingerprint biometric software provider for government and commercial sectors. BIO-key International was formed in 1993, and in 1997, it became a publicly traded company. Primarily catering to the North American market, the company has also made successful deployments outside of this region. BIO-key’s solution is hardware- and operating system-agnostic, and the company follows a strategic approach of offering a cloud-based fingerprint biometrics authentication. To do so, BIO-key has partnered with leading developers, such as IBM, Oracle, CA and Evidian.
For more information vist http://www.bio-key.com