BIO-key International partners with IT2Trust to expand biometric IAM solutions across the Nordic region, enhancing digital security and compliance.
Quiver AI Summary
BIO-key International, Inc. has announced a new partnership with IT2Trust, a leading distributor of IT security solutions in Scandinavia, to expand its presence in the Nordic market. This collaboration will enable IT2Trust to distribute BIO-key's range of GDPR-compliant identity and access management (IAM) technologies to organizations across Denmark, Sweden, Norway, and Finland, enhancing identity protection and supporting digital transformation efforts. IT2Trust will provide various IAM products, such as the PortalGuard platform and biometric authentication solutions. Both companies expressed excitement over the partnership, highlighting the combination of local expertise from IT2Trust and BIO-key's innovative technologies to meet the needs of government and enterprise customers in the region.
Potential Positives
- Partnership with IT2Trust enhances BIO-key's expansion into the Nordic market, leveraging IT2Trust's established presence and expertise.
- Collaboration enables delivery of GDPR-compliant IAM technologies to a broad range of enterprises and public sector organizations in Denmark, Sweden, Norway, and Finland, strengthening identity protection and regulatory compliance.
- IT2Trust will distribute BIO-key's comprehensive portfolio of IAM and biometric authentication products, promoting a full-featured suite of secure access solutions.
- Partnership aligns with BIO-key’s European growth strategy, combining local knowledge with innovative technology to support secure digital transformation in the region.
Potential Negatives
- Despite the positive outlook of the partnership, the mention of "forward-looking statements" indicates a level of uncertainty regarding future performance, which may raise concerns for investors about the company's ability to deliver on its promises.
- The press release does not disclose specific financial terms or expected revenue from the partnership with IT2Trust, which may lead to skepticism about the partnership's potential impact on the company's bottom line.
- There is no clear indication of how the partnership will differentiate BIO-key from existing competitors in the Nordic market, which could suggest potential challenges in gaining market share.
FAQ
What is the new partnership announced by BIO-key International?
BIO-key International has partnered with IT2Trust to expand its biometric authentication solutions in the Nordic market.
Which countries will benefit from this partnership?
This collaboration will enhance identity protection solutions in Denmark, Sweden, Norway, and Finland.
What products will IT2Trust distribute from BIO-key?
IT2Trust will distribute BIO-key’s full range of IAM products, including PortalGuard®, Passkey:YOU™, and Identity-Bound Biometrics.
How does this partnership enhance security and compliance?
The partnership will strengthen identity protection and ensure GDPR compliance for enterprises and public organizations in the Nordic region.
Why is this partnership important for BIO-key's growth strategy?
It aligns with BIO-key's European growth strategy by combining local market expertise with innovative IAM technologies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BKYI Insider Trading Activity
$BKYI insiders have traded $BKYI stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $BKYI stock by insiders over the last 6 months:
- MICHAEL W DEPASQUALE (Chief Executive Officer) has made 5 purchases buying 18,117 shares for an estimated $14,503 and 0 sales.
- JAMES DAVID SULLIVAN (Chief Legal Officer) purchased 10,000 shares for an estimated $7,700
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BKYI Hedge Fund Activity
We have seen 6 institutional investors add shares of $BKYI stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC removed 440,457 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $360,073
- VIRTU FINANCIAL LLC removed 14,801 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,099
- UBS GROUP AG added 14,152 shares (+inf%) to their portfolio in Q2 2025, for an estimated $11,569
- GSA CAPITAL PARTNERS LLP added 13,314 shares (+inf%) to their portfolio in Q2 2025, for an estimated $10,884
- GEODE CAPITAL MANAGEMENT, LLC added 4,769 shares (+22.0%) to their portfolio in Q2 2025, for an estimated $3,898
- TWO SIGMA SECURITIES, LLC added 3,741 shares (+14.7%) to their portfolio in Q2 2025, for an estimated $3,058
- CITIGROUP INC removed 428 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $349
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
COPENHAGEN, Denmark and HOLMDEL, N.J., Oct. 27, 2025 (GLOBE NEWSWIRE) -- BIO-key International, Inc . (NASDAQ: BKYI), an innovator in biometric authentication and Identity and Access Management (IAM) solutions, today announced a new partnership with IT2Trust, one of Scandinavia’s most established distributors of IT security and networking solutions.
This collaboration marks a significant step in BIO-key’s expansion across the Nordic market. IT2Trust’s deep technical expertise and strong regional presence will help deliver BIO-key’s GDPR-compliant and scalable IAM technologies to enterprises and public sector organizations across Denmark, Sweden, Norway, and Finland—strengthening identity protection, ensuring regulatory compliance, and advancing secure digital transformation.
Under the agreement, IT2Trust will distribute and support BIO-key’s full portfolio of IAM and biometric authentication products, including:
- PortalGuard ® – a comprehensive IAM platform supporting MFA , SSO , and centralized access management
- Passkey:YOU ™ – a FIDO2-compliant passwordless solution
- PIN:You™ – a secure, tokenless, user-friendly PIN-based authentication method
- WEB-key – a proven biometric engine for strong authentication
- Identity-Bound Biometrics (IBB) – binding access to the individual, not the device
- Certified biometric scanners including PIV-Pro and EcoID III
“BIO-key’s proven identity and access management solutions perfectly complement our mission to deliver secure and innovative technologies to the Nordic market. We’re excited to bring their expertise to our customers and partners.” said Anders Enemark Mortensen, Founder & Marketing Director, IT2Trust.
“ This collaboration with IT2Trust is opening doors across the Nordics. Their trusted distribution and on-the-ground guidance, paired with BIO-key’s technology, are exactly what government teams are asking for,” said Ana Marques, Territory Sales Director, BIO-key International .
“Our partnership with IT2Trust is a natural step in BIO-key’s European growth strategy. Together, we’re bringing the next generation of identity and access management to the Nordic market—combining local market knowledge with global innovation to help organizations protect their people, data, and digital future,” added Alex Rocha, Managing Director, BIO-key International (EMEA)
About IT2Trust
(
www.it2trust.com
)
IT2Trust is one of Scandinavia’s leading value-added distributors of IT security and network solutions, delivering next-generation technologies and trusted cybersecurity expertise across the Nordic region. Partnering with top global vendors, IT2Trust provides consulting, training, and support services to enterprises and public organizations seeking to strengthen their digital resilience and compliance posture.
About BIO-key International, Inc.
(
www.BIO-key.com
)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
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 factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.
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Investor Contacts
William Jones, David Collins Catalyst IR [email protected] or 212-924-9800 |
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