SCM Microsystems and BioID AG Establish Strategic Cooperation
12 November 2009 - 6:30PM
PR Newswire (US)
Multimodal biometric authentication solutions will meet industry
demand for stronger data security, access control and personal
identification SANTA ANA, Calif., ISMANING, Germany, and SACHSELN,
Switzerland, Nov. 12 /PRNewswire-FirstCall/ -- SCM Microsystems,
Inc. (NASDAQ:SCMM) (Prime Standard: SMY) and BioID AG announced
today that they have entered into a strategic partnership to create
biometric enabled access solutions, beginning with the joint
development of biometric authentication solutions for IT security.
SCM's expertise in smart card reader technology and other
authentication hardware, combined with BioID's state-of-the-art
face, iris and voice recognition technology will enable strong,
reliable, and convenient user authentication for enterprise,
government and consumer applications. In addition, SCM's vast
reseller network and direct relationships with government and
enterprise clients offer established distribution channels for
these new solutions. "BioID's unique and powerful multimodal
biometric authentication technology has been widely used for many
years for applications from remote and home office protection, to
corporate and private banking, to remote access protection for the
military," said Felix Marx, CEO of SCM Microsystems. "This
cooperation will enable us to expand our offerings with
multi-factor biometric authentication solutions, both in our target
physical and logical access markets as well as to newer markets
where strong user authentication is required." Concerns about
identity theft, privacy and data security are driving organizations
to consider new authentication approaches. Regulatory agencies like
the Federal Financial Institutions Examination Council (FFIEC) no
longer consider simple passwords strong enough to protect sensitive
data and transactions such as medical records or Internet banking.
A leading market analyst firm has recommended that companies should
switch as soon as possible to stronger authentication methods for
high-risk access systems, and should plan for wider deployment in
the next few years. In response to this demand, in the first phase
of the relationship the two companies will develop a solution
suiting for SCM's @MAXX Secure Storage token family, adding an
extra layer of security with BioID's renowned face, iris and voice
recognition technology. The resulting product will protect vital
and sensitive user data such as Internet and application passwords,
payment card PINs and private keys for data encryption and digital
signatures, while providing strong user authentication requiring
using a password or PIN, the @MAXX token and the user face, iris
and/or voice. "SCM Microsystems and BioID are a natural fit because
both companies are addressing problems in many of the same areas,
such as Internet and network security, e-passports, e-commerce and
secure medical record access," said Ho Chang, CEO of BioID AG. "Our
personal recognition software and SCM's expertise in smart chip
readers and tokens create strong synergies, allowing us to offer
customers in these markets secure and convenient security
solutions. We look forward to a fruitful long-term collaboration."
About BioID BioID is the leading developer of multimodal biometric
authentication solutions, with many years expertise in the field of
IT security for banking, enterprise, and government applications.
The company is also currently developing new solutions for mobile
and internet authentication. BioID's authentication solutions link
a real person to their digital identities, by simultaneously
recognizing face, iris, and voice. Privately held, BioID is
headquartered in Sachseln, Switzerland, with development facilities
in Nuremberg, Germany. For more information, please see
http://www.bioid.com/. About SCM Microsystems SCM Microsystems
(NASDAQ: SCMM; Prime Standard: SMY) is a global leader in security
and identity solutions for secure access, secure identity and
secure exchange. Together with its Hirsch Electronics subsidiary,
SCM provides complete, integrated solutions that secure digital
assets, electronic transactions and facilities. The company offers
the world's broadest range of contact, contactless and mobile smart
card reader technology; physical and logical access control
systems; digital identity transaction platforms; biometrics; and
digital video. SCM's solutions enable a wide variety of
applications including enterprise security, identity management,
contactless payment, e-health and electronic government services.
For additional information, visit http://www.scmmicro.com/ and
http://www.hirschelectronics.com/. Note: All trademarks are the
property of their respective owners. DATASOURCE: SCM Microsystems,
Inc. CONTACT: Annika Oelsner, +49 89 9595-5220, , or Darby Dye,
+1-949-553-4251, , both of SCM Microsystems; or Klaus Schroeter of
BioID AG, +41 479 572 48 21, ; or Beate Haas of BioID GmbH, +49 911
9999 898 0, Web Site: http://www.scmmicro.com/
http://www.bioid.com/
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