WALL, NJ--(Marketwired - Apr 10, 2014) - BIO-key International, Inc. (OTCQB: BKYI), a leader in fingerprint biometric identification technologies, cloud-based mobile credentialing and identity verification solutions, today reported that the company continues to advance its reseller sales support network by announcing the addition of five new sales partnerships.
CAS Severn, a Premier IBM Business Partner, is a full service technology services company providing consultation, technology integration, services and support. CAS Severn supports commercial companies, government agencies and the education sector helping organizations maximize their investments in data. CAS Severn specialties include System and Storage Management, Enterprise Content and Process Management, IT Staff Augmentation, IT Consulting, Application Development and Software Integration, Information Risk and Security Management, DR and Data Services. (www.cassevern.com)
ILANTUS Technologies is an IBM, CA and Oracle partner reseller and a leading integrated solution provider in the identity management, access management, access governance, federation and information security arena. The company specializes in the convergence of cloud and enterprise. ILANTUS works in partnership with leading technology companies across the globe to build identity products and deliver high value identity management, access management and compliance solutions to customers. The company supports the banking, financial, healthcare, retail, manufacturing and the utilities sectors. (www.ilantus.com)
Palmetto Software Group is a consulting and software development firm specializing in IT security. Palmetto's Identity Management solutions help companies balance security needs with usability; offering all the features of identity management -- single sign-on, provisioning, identity life cycle management and role-based access control. The companies Access Management Services help reduce costs, strengthen security, and improve productivity while addressing compliance requirements by removing the frustration of multiple passwords and eliminating complex password management policies. (www.thepsg.biz)
Pontis Research, an IBM Advanced Business Partner, is comprised of a team of highly-specialized security consultants. The company helps organizations bridge the gap between business initiatives and IT delivery. Pontis provides a suite of Managed Security, Identity and Access Management, Role Management, Federation Single Sign-on and Integrating Identity Reporting Services. (www.pontisresearch.com)
Prolifics, a multi-award winning IBM reseller, first specialized in building high-performance transactional systems for many of the biggest firms on Wall Street. Today with offices throughout North America, Europe and Asia. Prolifics utilizes its expertise to offer comprehensive business solutions, having worked with over 3000 companies, both domestically and internationally, across a broad range of industries including banking, insurance, government, telecommunications, manufacturing and brokerage. (www.prolifics.com)
"By signing world class integration Channel partners of this magnitude, we enhance our ability to drive revenue, gain order flow and grow our business," stated Jim Skidmore, SVP Global Sales & Channel Development at BIO-key. "The mounting interest in our technology, validated by the ongoing activity in the security partner channel is quite encouraging as according to industry estimates, as much as 80% of IBM software and appliance revenue is generated through their resellers. Consistent with our 2014 Business Plan and through these relationships we are expanding our pipeline and have already engaged in new deal opportunities."
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom 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 help reduce identity theft. BIO-key's technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)
BIO-key Safe Harbor Statement
Certain statements contained in this press release 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 subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, wider market acceptance of biometric technologies, our ability to raise additional financing, and our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and its 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. The Company undertakes no obligation to disclose any revision to these forward-looking statements whether to reflect events or circumstances after the date hereof or otherwise.