BioPassword Experiences Record Growth to Meet Demand for Secure Remote Access
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SEATTLE, WA, Jan 22 (MARKET WIRE) --
BioPassword, Inc., the leading innovator in strong authentication software,
today announced significant momentum and record growth in 2007. Fueled by
market-demand for an easy-to-use authentication solution in remote access
and web applications, BioPassword saw 500 percent growth in its customer base in
2007,
with a 100 percent increase in its Average Sale Price (ASP). The company also
markedthe year having sold over one million licenses for its industry validated
multi-factor authentication software.
In today's always-on world, IT professionals are challenged with providing
secure
access anytime, anywhere, and must also support diverse computing and networking
architectures for an ever-changing workforce. In fact, the global mobile
workforce is expected to grow by more than 20 percent, with 878 million people
working remotely by 2009, according to a study by IDC. At the same time,
identity thieves are becoming more sophisticated and harder to combat, as 15
million people were victims of identity theft last year (1).
Given the evolution of attacks and the disappearing network perimeter,
organizations
must employ a more comprehensive, inclusive strategy for identifying
legitimate users and protecting sensitive data. Consumers who use
password-protected sites/services agree, as a recent Harris Interactive poll(2)
found
that 67 percent of adults prefer to use websites that employ multiple methods of
identity verification and authentication by asking for more than just a
password. BioPassword's innovative platform addresses this need for expanded
authentication by combining something you know (a password) with something
you are (a biometric) or something you have (for example, a mobile device) --
for secure access.
In conjunction with its impressive growth, BioPassword expanded its customer
base in several vertical markets, including financial services, education,
legal,
manufacturing, health care, and state and local government. Morgan Stanley is
enhancing its ClientServ application to feature BioPassword in order to
validate customers' identities and provide another layer of authentication. In
addition to customer progress, in 2007 BioPassword forged new partnerships
with Juniper Networks, Citrix, and Fiserv CBS Worldwide.
"BioPassword's exponential growth is a direct result of the industry's
needfor an accurate, easy-to-use and deploy solution that provides secure access
for
an ever-growing population of mobile users," said BioPassword CEO Mark Upson.
"Our
momentum will help us deliver on our aggressive strategy for broadening the
capabilities of our platform and extending our technology leadership in the
remote access and web application environments."
About BioPassword, Inc.
BioPassword, Inc. (www.biopassword.com), located in Issaquah, Washington,
leads the
market in providing award-winning strong authentication software for
organizations
seeking a solution that delivers high security with no change in user
behavior at the lowest available cost. Unlike expensive authentication products
which rely on hardware tokens or biometric readers, BioPassword uses a simple,
yet
powerful, combination of the user's standard logon credentials (user name and
password), and applies keystroke biometrics (their unique typing rhythm) as a
second authentication factor. In addition, BioPassword offers complementary
software authentication factors such as knowledge-based authentication (user
selected
questions and answers) or software one-time passwords (single use password
delivered to your mobile device) to create the only authentication solution
that makes available -- something you know with something you are and something
youhave. BioPassword is accurate, secure, scalable to millions of users and
immediately deployable across the enterprise and the Internet without impacting
users. BioPassword is currently delivering strong authentication for
organizations in a
variety of industries, including: financial, healthcare, digital rights
management,
government, law enforcement, manufacturing, legal and automotive. To learn more
about
BioPassword visit our website or contact us at (425) 649-1100. For an online
demonstration of BioPassword's keystroke biometrics, log onto
www.biopassword.com/demo1.
About Harris Interactive(R)
Harris Interactive is the 13th largest and one of the fastest growing market
research firms in the world. The company provides innovative research, insights
and
strategic advice to help its clients make more confident decisions which lead
to measurable and enduring improvements in performance. Harris Interactive
is widely known for The Harris Poll, one of the longest running, independent
opinion polls and for pioneering online market research methods. The company has
built what it believes to be the world's largest panel of survey respondents,
the Harris Poll Online. Harris Interactive serves clients worldwide through its
North American, European and Asian offices, and through a global network of
independent market research firms. More information about Harris Interactive may
be obtained at www.harrispollonline.com. To become a member of the Harris Poll
Onlineand be invited to participate in online surveys, register at
www.harrispollonline.com.
BioPassword(R) is a registered trademark of BioPassword, Inc. All other
trademarks and registered trademarks are the property of their respective
owners.
(1) Identity Theft Resource Center, http://www.idtheftcenter.org
(2) This study was conducted online by Harris Interactive on behalf of
BioPassword, Inc. between November 29 and December 3, 2007 among 2,949
U.S.adults ages 18+, of whom, 2,703 use password-protected websites or services.
No estimates of theoretical sampling error can be calculated; a full
methodology is available.
Copyright 2008, Market Wire, All rights reserved.
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