Bio-Key Completes Acquisition Of Swivel Secure Europe, Significantly Expanding Its Revenue Base, Customer Reach And Talent In Europe, Middle East And Africa
Acquiring Company
BIO-key International
Acquired Company
Swivel Secure Europe
HolmdelOtherInformation TechnologySoftwarePrivacy And SecuritySecurityCyber SecurityBiometricsSoftware DevelopmentDescription
BIO-key International, Inc. (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. 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.
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Frequently asked
Who acquired Swivel Secure Europe?
Swivel Secure Europe was acquired by BIO-key International, based in Holmdel. The deal was reported on March 9, 2022. BIO-key International is publicly traded (BKYI) and operates in Other.
When did BIO-key International acquire Swivel Secure Europe?
BIO-key International's acquisition of Swivel Secure Europe was reported on March 9, 2022. BIO-key International, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Swivel Secure Europe do?
Swivel Secure is a multi-factor authentication platform. User-friendly tokenless and token-based secure one-time password solutions It is privately held.
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