MUMBAI, India and WALL, N.J., July 17, 2018 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ:BKYI), an innovative provider of biometric authentication and security solutions, today announced it has forged a strategic partnership with India’s Quantum Business Advisory (QB Advisory) to bring its software and hardware solutions to enterprises in India.
Established in 2013, QB Advisory serves the IT requirements of enterprise customers across all of India from sales offices in Mumbai and Calcutta and a presence in Delhi and Hyderabad. QB Advisory focuses on IT infrastructure, software, and information security and support services across multiple industry verticals. The company’s largest customer has locations in 60 countries and a staff of more than 300,000 employees.
The strategic partnership enables QB Advisory to introduce BIO-key's suite of world-class biometric authentication solutions throughout India, a growing market with significant potential. By partnering with QB Advisory, BIO-key is now able to respond to customer demand within India, through a respected, knowledgeable sales and technical resource.
"BIO-key's products and brand offer a natural complement to our portfolio of information security solutions," stated Saurabh Rateria, Managing Director of QB Advisory. "There's a heightened focus on security across India, and organizations are open to investigating proven, scalable and cost-effective solutions that can strengthen security and protect critical assets."
Rateria added, "There is a particular focus on internal security and access control, as risk has increased. Companies now recognize that consumer data is an asset – a very valuable asset – and it is causing them to reevaluate their existing security platforms. All of this has contributed to increased interest in biometric authentication. It's also our opinion that it won't be long before the government will make multifactor authentication a mandated requirement; therefore, adding BIO-key to our product mix makes good business sense."
“India is forward-thinking when it comes to biometric technology, which has led to a growing number of inquiries about our solutions from businesses and consumers throughout the country," stated Mike DePasquale, Chairman & CEO, BIO-key. "Prior to our relationship with QB Advisory, BIO-key did not have a physical presence in India, which put us at a significant disadvantage competing for business. That changes today, as partnered with QB Advisory, BIO-key now benefits from the exposure and in-country presence of one of India's leading IT services providers."
About Quantum Business Advisory (www.qbadvisory.com)
In this world of constant change, QB Advisory aims to be the IT partner you can turn to for unadulterated advice and assistance in dealing with technological disruptions requiring continuous improvement. The company aims to make a measurable impact on our clients in transforming business processes by embedding modern information technology. QB Advisory leads with forward-looking technology and provides solutions in a technology agnostic manner across software, infrastructure and knowledge platforms. Our focus areas range from enterprise systems (especially SAP) through Risk Management, Information Security, Big Data, IoT, Enterprise Mobility, Knowledge Management, BPM, and Digital Transformation to the Smart Factory.
About BIO-key International, Inc. (www.bio-key.com)
BIO-key is revolutionizing authentication with biometric solutions that enable convenient and secure access to information and high-stakes transactions. We offer alternatives to passwords, PINs, tokens, and cards to make it easy for enterprises and consumers to secure their devices as well as information in the cloud. Our premium finger scanning devices offer market-leading quality, performance and price. BIO-key also brings the power and ease of use of biometric technology to its TouchLock line of biometric and Bluetooth enabled padlocks – providing even more ways to BIO-key your world!
