BEDFORD, Mass., Sept. 21, 2015 /PRNewswire/ -- Aware, Inc. (NASDAQ: AWRE), a leading global provider of biometrics software products and solutions, today announced that a number of its products have been licensed by Certisign to build a cloud-based biometric services platform. Certisign is the largest supplier of digital certificates in Brazil. They intend to leverage their substantial presence in the Latin American security technology and services market to deliver new biometric identity proofing and authentication services. Targeted customers include banks, retailers, telecoms, healthcare providers, and government agencies that want to reduce fraud by more effectively authenticating the identity of their customers and employees, but prefer a software-as-a-service (SaaS) model.
The multi-tiered Certisign platform is built upon key Aware software products, including Biometric Services Platform (BioSP™), Nexa™, Inquire™, and Astra™. The enrollment and verification stations are branded by Certisign and were built using Aware's NISTPack, SequenceCheck™, LiveScan API, PreFace™, and IrisCheck™ SDKs. The system is designed to be sufficiently scalable to meet high-volume service demands, while its modularity enables Certisign to support the varied requirements of a diverse customer base. Aware will receive a per-transaction fee for Certisign's right to use Aware's software in the system.
"The range and flexibility of Aware's software helped make our new biometric services possible," commented Igor Rocha, managing director of Certibio, the biometric business unit of Certisign. "Their deep expertise and reliable support are what we expect will help ensure our success."
Biometric enrollment and identity proofing can be conducted either at a customer's premises or at one of Certisign's 1400+ retail locations. Biometric authentication is performed by customer staff using workstations installed at the location of their choice. Services can be deployed either from Certisign's highly secure cloud, or alternatively from software installed in a private cloud or network.
"Certisign promises to make robust identity fraud prevention truly universally accessible throughout Brazil and beyond," said Rob Mungovan, VP of Biometrics at Aware. "We are pleased to be providing the identity platform in a solution that will surely set a benchmark for consumer-facing biometrics-as-services."
Aware will be demonstrating its biometrics software products and solutions at the Global Identity Summit, taking place September 21-24 in Tampa. Igor Rocha of Certibio will provide more information about their new services in a presentation at the Biometrics 2015 conference, taking place October 13-15 in London, where Aware will also be exhibiting.
About Aware
Aware is a leading provider of biometrics software products and development services to governments, system integrators, and solution providers globally. Our products include SDKs, software components, workstation applications, and a modular, centralized, service-oriented platform. They fulfill a broad range of functions critical to biometric authentication and search, including face, fingerprint, and iris autocapture, image quality assurance, data compliance, capture hardware peripheral abstraction, centralized data processing and workflow, subsystem connectivity, and biometric matching algorithms. The products are used to enable identity-centric security solutions with biometrics for applications including border management, credentialing and access control, intelligence and defense, and law enforcement. Aware is a publicly held company (Nasdaq: AWRE) based inBedford, Massachusetts.
See Aware's website for more information about our biometrics software products.
About Certisign
Certisign is the leading certification authority in Latin America and expert in digital identification. With 19 years of experience, 1,400 service points, and more than seven million digital certificates issued, in 2015 it expanded its participation in the identification market with the creation of Certibio. The new business unit focuses exclusively on identity validation through biometrics, and offers the technology to customers using an innovative and pioneering model: biometrics-as-a-service. Certisign has in its portfolio of clients the most representative companies in Brazil, and is among the 50 Most Innovative Companies in the country, according to a survey conducted by DOM Strategy Partners. For more information, visit www.certisign.com.br.
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue and earnings, and the growth of the biometrics markets. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements.
Risk factors related to our business include, but are not limited to: i) our operating results may fluctuate significantly and are difficult to predict; ii) we derive a significant portion of our revenue from government customers, and our business may be adversely affected by changes in the contracting or fiscal policies of those governmental entities; iii) a significant commercial market for biometrics technology may not develop, and if it does, we may not be successful in that market; iv) we derive a significant portion of our revenue from third party channel partners; v) hardware revenue is likely to decline in future periods; vi) we face intense competition from other biometrics solution providers; vii) our business is subject to rapid technological change; viii) our software products may have errors, defects or bugs which could harm our business; ix) our business may be adversely affected by our use of open source software; x) our intellectual property is subject to limited protection; xi) we may be sued by third parties for alleged infringement of their proprietary rights; xii) we must attract and retain key personnel; xiii) we rely on single sources of supply for certain components used in our hardware products; xiv) our business may be affected by government regulations and adverse economic conditions; xv) we may make acquisitions that could adversely affect our results, and xvi) we may have additional tax liabilities.
We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2014 and other reports and filings made with the Securities and Exchange Commission.
