According to a report published in SearchCloudComputing, Corporate America is keen on adopting cloud computing, mainly because of its low cost, agility and ability to scale. The report notes that many enterprises have already implemented public cloud, including organizations such as Amazon Web Services, Google and Microsoft Azure.
Gartner notes that the public cloud market is expected to reach $204 billion by 2016, growing at an annual rate of 16.5% from 2015. The market of course is being led by Amazon Web Services. However, there are also smaller players within the cloud space. One such player is ImageWare Systems Inc. (OTCQB: IWSY).
Based in San Diego, California, ImageWare Systems is a leading developer of mobile and cloud-based identity management solutions, providing biometric secure credential and law enforcement technologies.
Scalable for worldwide deployment, ImageWare's patented biometric product line includes a highly scalable, multi-modal biometric engine capable of working with a wide array of sensors, modalities, and algorithms. ImageWare's identity management products are used for secure credentials, national IDs, passports, driver's licenses, and smart cards as well as both application and physical access control systems.
ImageWare shares are gaining momentum after the company announced that it has entered into a three-year agreement with Aurionpro to integrate its turnkey GoVerifyID® with Aurionpro's Digital Branch DX -- multi-service Kiosk.
Aurionpro is a global provider helping clients accelerate digital innovation, securely and efficiently. They are headquartered in Mumbai, India and San Ramon, California, with 22 offices across 12 countries. Their Digital Branch DX -- Self-Service Kiosk is designed to automate the traditional banking branch experience to perform at high levels of efficiency, personalization and speed, creating an immersive digital experience for the customer.
GoVerifyID is ImageWare's end-to-end enterprise solution that covers the full range of biometric authentication, including: identity proofing, cloud provisioning, on-device enrollment, real-time authentication, seamless integration into existing security workflows, and a turnkey self-service portal. This mobile/cloud SaaS offering is the industry's first multi-modal biometric user authentication solution that allows customers to modify their passwords or two-factor authentication using biometrics.
Commenting on the development, Jim Miller, Chairman and CEO at ImageWare Systems, said that Aurionpro is a global technology solutions leader that helps clients accelerate their digital innovation, secure their enterprises and optimize business operations.
ImageWare shares are up in trading today. At last check, the stock was trading 1.63% higher at $1.25 on volume of 26,238, which is below the daily average volume of 36,172. While shares are up today, they are trading at about their 52-week midway point on a pullback over the last couple of months.
