ImageWare Provides Award-Winning Multi-Modal Biometric Authentication
With GoVerifyID, ImageWare enhances security and simplifies user experience for all enterprise and consumer use cases.
Frost & Sullivan Lauds ImageWare®’s Multimodal, Future-proof Biometric Identity Management Solution
IWS’s solutions provide flexibility, convenience, and security at competitive prices, ensuring best value for money
SANTA CLARA, Calif. — XX — Based on its recent analysis of the biometric identity management market, Frost & Sullivan recognizes ImageWare® Systems, Inc. (IWS) with the 2017 North American New Product Innovation Award. IWS’s flair for innovation has resulted in a cloud/mobile multifactor biometric identity solution, GoVerifyID®, which leading organizations across North America are adopting. The solution’s technical superiority, user friendliness, business model, and ability to address a wide range of customer requirements have provided IWS with a significant competitive edge.
IWS introduced GoVerifyID®, an end-to-end multimodal, scalable, and device-agnostic biometric solution, in response to the rising security threats with the network being accessed by multiple stakeholders. The solution has found considerable application across the healthcare vertical as data breaches in recent times has been high. For example, if a hospital employee illegally tries to access a patient's protected health information (PHI), GoVerifyID® prompts the user to authenticate himself/herself using the GoVerifyID® mobile application. The pillphone®, a companion application specifically built for the healthcare market, is integrated with GoVerifyID® and is the only Food and Drug Administration (FDA)-cleared biometrically secured mHealth app in the market. The user can authenticate using fingerprints, face, or voice as well as any future biometric modality, making the app convenient and safe.
The introduction of fingerprint sensors in mobile phones has widened the market for biometrics in verticals such as finance and retail. Acknowledging the technology’s need for repeated enrolling with every device change and the vulnerability to loss or theft, IWS offers identity authentication as a cloud service with the GoVerifyID® Enterprise Suite.
“IWS’s backend scalable database that stores the user’s biometric data gives it an advantage over other biometric identity management solution vendors,” said Frost & Sullivan Industry Analyst Ram Ravi. “GoVerifyID® Enterprise Suite’s database can generate a highly accurate match in a second.”
As IWS positions its solutions as a service, customers only need to pay for their use and do not have to make any upfront investments. Additionally, IWS allows customers to choose between its turnkey offering and customized solutions.
Furthermore, IWS has developed strategic partnerships with leading organizations such as Fujitsu, CA Technologies, SAP, Hewlett Packard Enterprise (HPE), and Microsoft to expand its footprint across vertical markets. The company’s interoperability with the Microsoft ecosystem has provided its solutions with global brand visibility. IWS has already won acclaim for its solutions in the government vertical and is now focused on widening its presence in the commercial sectors.
“Through strategic partnerships with leading brands in the IT software management space, IWS is attempting to grab a bigger share of the market in the commercial space,” noted Ravi. “Overall, the GoVerifyID® has uniquely positioned IWS for sustained success across all sectors as it addresses core issues of quality, functionality, and reliability.”
Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the product’s value-added features/benefits and the increased return on investment (ROI) it provides customers, which in turn raises customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About ImageWare® Systems, Inc.
Headquartered in San Diego, California, Imageware Systems (IWS) has offices across the US, Canada and Mexico. IWS has been known globally for its identity management solutions that is platform agnostic. IWS has constantly focused on delivering innovative solutions evident from its widest range of biometric authentication models. IWS has been proactive in gauging customer requirements and delivering future proof biometric solutions.
About Frost & Sullivan
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