![]() ![]() “We’re excited to join forces with BIO-key to leverage our mutual strengths across a broader global footprint. “BIO-key is a respected leader in identity and access management and civil identification in the North America, Africa and Asia,” said Mr. “We are excited to bring our award-winning, cost-effective and easy to deploy portfolio of IAM and identity-bound biometric solutions to serve the needs of current and future customers across EMEA markets.” “Swivel Secure significantly strengthens BIO-key’s presence and potential reach across Europe, the Middle East and Africa during an unprecedented period of cybersecurity threats and attacks,” said BIO-key Chairman & CEO Michael DePasquale. SSE also brings technology partnerships with SAP, SailPoint and Red Hat, and global reseller partner relationships with Arrow, Deloitte, Accenture, Logicalis, IBM, Telefonica and Wipro. The acquisition provides BIO-key with a ten member sales and support team with extensive customer and industry relationships throughout the EMEA region with offices in Madrid, Lisbon and UAE. SSE generated approximately $3.1M in revenue and $578K in operating income in calendar 2021. SSE has a five-year exclusive distribution agreement for Swivel Secure Limited’s software solutions in all EMEA markets outside of the United Kingdom.Īlex Rocha, the CEO and former sole stockholder of SSE, will continue to manage day to day operations at SSE reporting directly to BIO-key’s Chairman & CEO. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) and Identity-Bound Biometric (IBB) solutions, today announced that it has completed the acquisition Swivel Secure Europe, S.A (SSE), a privately-held IAM solutions provider based in Madrid, Spain that serves European, Middle East and African (EMEA) markets. MADRID, Spain and WALL, N.J., Ma(GLOBE NEWSWIRE) - BIO-key International, Inc.
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