Bio-Key Intl Inc Stock Price, News & Analysis

BIO-key International, Inc. (NASDAQ: BKYI) will discuss its fourth quarter and full year 2021 results during a conference call on March 29, 2022, at 10 a.m. ET. The call will feature key executives including Chairman & CEO Mike DePasquale and CFO Cecilia Welch. Results will be available before market opening on the same day. The company emphasizes its role in identity and access management through innovative biometric solutions. Investors can access the call via dial-in or a live webcast.

BIO-key International, Inc. (NASDAQ: BKYI) is sponsoring a workshop titled “Cyber Security: A Primer for County Leaders” on March 14, 2022, during the NYSAC Legislative Conference. This initiative aims to educate county leaders about current cyber threats and defense strategies, especially in the wake of increased ransomware and phishing attacks. Michael DePasquale, Chairman and CEO, emphasizes the importance of understanding cyber risks to protect citizens. BIO-key continues to gain preference among county governments for its PortalGuard IAM platform and emphasizes affordable MFA solutions.

BIO-key International, Inc. (NASDAQ: BKYI) announced its acquisition of Swivel Secure Europe, S.A. (SSE), an IAM solutions provider in the EMEA markets. This acquisition significantly enhances BIO-key's capabilities, bringing in approximately $3.1M in revenue and $578K in operating income from SSE in 2021. Notably, SSE has a five-year exclusive distribution agreement for Swivel Secure Limited's software across EMEA, adding a ten-member sales team and strong partnerships with key firms such as SAP and IBM. This strategic move aims to strengthen BIO-key's cybersecurity offerings amid increasing threats.

BIO-key International (NASDAQ: BKYI) has launched a national enrollment program in partnership with Sterling Bank Nigeria's Specta, aiming to provide biometric equipment for the National Identity Management Commission’s enrollment initiative. The program, co-funded by the World Bank and the Nigerian government, seeks to enhance financial inclusion and identity verification across remote areas. Utilizing BIO-key’s mobile biometric solutions, the initiative will facilitate access to government and commercial services for Nigerian citizens, thereby supporting economic growth and technological advancement in the region.

BIO-key International, Inc. (NASDAQ: BKYI) announced that North Central College in Illinois has chosen its PortalGuard IDaaS platform to enhance security and improve user experience. The implementation will provide secure multi-factor authentication (MFA) and single sign-on (SSO) for campus applications, reducing IT costs related to support. BIO-key continues to expand its reach in the higher education sector, supporting over 2.5 million users. The company emphasizes its role in offering robust identity and access management solutions to meet the rising cyber threats facing educational institutions.

BIO-key International (NASDAQ: BKYI) has been selected by Rio Arriba County, NM, to implement its PortalGuard IAM platform. The platform features WEB-key biometric authentication and PIV-Pro fingerprint readers to enhance security for both office and remote users. This partnership aims to provide efficient multi-factor authentication that complies with cybersecurity insurance requirements. The County's choice underscores the flexibility and integration of BIO-key's solutions in addressing security threats in public sector services.

BIO-key International, Inc. (BKYI) has entered a definitive agreement to acquire Swivel Secure Europe, a provider of IAM solutions based in Madrid, Spain. The transaction, set to close in February 2022, is expected to positively impact earnings, excluding acquisition-related costs. In fiscal 2021, SSE reported over $3.1M in revenue and $578K in operating income. This acquisition will expand BIO-key’s presence in the EMEA market and enhance its Channel Alliance Partner program by adding significant partnerships. Alex Rocha will oversee EMEA operations following the acquisition.

BIO-key International, Inc. (NASDAQ: BKYI) announced that Lawrence County, SD has chosen its PortalGuard IAM platform with WEB-key biometric authentication. This solution ensures secure access to vital applications and meets cybersecurity compliance requirements. PortalGuard simplifies IAM by consolidating security tools, supporting a zero-trust framework, and enhancing login security without requiring personal devices. The platform includes Multi-Factor Authentication and Single Sign-On features.