Bio-key completes acquisition of swivel secure europe, significantly expanding its revenue base, customer reach and talent in europe, middle east and africa

Madrid, spain and wall, n.j., march 09, 2022 (globe newswire) -- 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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