Jan 8 2010
BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today announced the launch of TruDonor ID, a fully hosted identity solution tailored to address the needs of the blood collection industry.
With TruDonor ID, blood centers of any size now have a fast, convenient and accurate method to positively identify donors. Following on earlier successes in the blood donor identification market, BIO-key's introduction of this secure SaaS (Software as a Service) donor ID solution provides an affordable, fully supported, web based solution that staff can access from anywhere and at anytime.
Leveraging BIO-key's award winning biometric identification software, TruDonor ID accurately identifies donors without the need for them to produce IDs or remember donor ID numbers. This virtually eliminates the potential of misidentification of donors and it reduces the time and errors associated with staff validating identities and manually entering information. TruDonor ID interfaces to existing blood management platforms or can operate as a standalone identity solution.
"This is a huge breakthrough not only for blood centers but for the biometric identification industry as well," stated Mike DePasquale, CEO of BIO-key International. "Offering TruDonor ID as a SaaS solution eliminates one of the biggest hurdles faced by every blood center - costly IT expenditures on equipment, staff and maintenance. With TruDonor ID, blood centers have secure 24/7 access to their donor database on a superior computing environment supported by expert technicians." Mr. DePasquale also noted that "deployment times are far shorter since we eliminate the typical implementation learning curve associated with installing a licensed software solution. This is a first for the Identity Management Industry, a first for BIO-key and the beginning of a whole new era in the deployment of advanced security solutions including finger biometrics."
In June of 2009 IDC and Gartner Research both issued growth projections of over 20% annually for the SaaS market. IDC reported that "The harsh economic climate will actually accelerate the growth prospects for the software as a service (SaaS) model as vendors position offerings as right-sized, zero-CAPEX alternatives to on-premise applications." Additionally IDC found "The percentage of U.S. firms which plan to spend at least 25% of their IT budgets on SaaS applications will increase from 23% in 2008 to nearly 45% in 2010."