The need to secure data while conforming to increasing security standards and distributed workforces has become a driving force behind customers' move to IDaaS. BIO-key's PortalGuard IDaaS accelerates the transition to a cloud-based identity management solution by providing an enterprise-grade security platform with a strong return on investment. Allowing users self-service access to critical portals, for example, is just one of the ways an IDaaS system can provide support and ROI for businesses. PortalGuard effectively reduces the complexity and cost of its customer's IT infrastructure, making IAM capabilities easier to use and manage. PortalGuard enables identity management via a single "pane of glass" from a security perspective, giving organizations clear visibility to view individual access across the enterprise.
"The maturation of the cloud services market has enabled IDaaS to emerge as the preferred deployment model versus the traditional on-premises IAM solution," said
About
BIO-key is revolutionizing authentication with biometric centric, multi-factor identity and access management (IAM) solutions, including its PortalGuard IAM solution, that provide convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's proprietary software and hardware solutions, with industry-leading biometric capabilities, enable large-scale on-premise and Identity-as-a-Service (IDaaS) solutions, including customized enterprise and cloud solutions.
BIO-key Safe Harbor Statement
All 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; our ability to execute and deliver on contracts in
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