Bio-key’s PortalGuard IAM solution adopted by railcar leasing company

BIO-key International’s PortalGuard identity and access management (IAM) platform is now available for staff in charge of Europeans operations at GATX Corporation.

The biometrics-powered IAM provider announced that with the move, GATX Corporation – a railcar leasing company – seeks to deliver cost-effective and secure password management to improve their employees’ end-user experience and reduce related costs.

The development is important as it comes at a time when most of the staff of GATX Rail Europe’s operations were asked to work remotely due to the global coronavirus pandemic, requiring that a more secure and flexible password management system be put in place, the BIO-key announcement noted.

The statement mentioned that BIO-key’s PortalGuard was deemed to have met the hiring company’s project goals which include cybersecurity, reduction in IT resource expenses, and the putting in place and management of strong passwords on employees’ devices whether personal or owned by the company.

Mark Cochran, president of BIO-key PortalGuard said the solution was a timely solution for some of the security and flexibility concerns brought about by the work-from-home model forced on companies by COVID-19.

“Since 2004, our team has built a strong track record delivering multiple value-add security solutions to GATX. Events this year have substantially accelerated enterprise adoption of the work-from-home model, resulting in widespread security and identity challenges, rising costs, and workflow disruption. PortalGuard is an ideal solution for these challenges, providing the perfect balance of security, usability, and rapid deployment, all at a very competitive cost. Expanding our footprint within an existing customer is both gratifying and the strongest possible endorsement of the value and flexibility of our PortalGuard solution,” said Cochran.

BIO-key presents at LD investor conference

Meanwhile, BIO-key is scheduled to make a presentation this December 15 at this year’s investor conference of the LD Micro Virtual Main Event.

During the presentation scheduled for 3:20 pm ET, BIO-key’s chairman and chief executive officer Mike Depasquale will deliver an introduction to the company’s biometrics and IAM solutions, and then field questions from an investor panel, according to the announcement.

Chris Lahiji, LD founder said ahead of the event that started on December 14 that their goal was to make the interaction more innovative this year, as they look forward to “showcase great companies in a much more engaging format.”

Article Topics

access management  |  BIO-key  |  biometrics  |  cybersecurity  |  identity access management (IAM)  |  identity management  |  online authentication  |  PortalGuard  |  stocks