Swivel Secure: BIO-key acquires Swivel Secure Europe to expand channel partnerships and customer base within EMEA

BIO-key announced that it has signed a definitive agreement to acquire Swivel Secure Europe, a privately-held IAM solutions provider based in Madrid, Spain serving the European, Middle East and African (EMEA) markets. The transaction is expected to close in February and be accretive to BIO-key's earnings, excluding one-time acquisition-related costs and ongoing purchase accounting amortization expenses. On a preliminary unaudited basis, SSE generated over $3.1M in revenue and $578K in operating income in fiscal/calendar 2021. ... More → The post BIO-key acquires Swivel Secure Europe to expand channel partnerships and customer base within EMEA appeared first on Help Net Security.