VoiceTrust and BioID Announce Strategic Alliance to Deliver Multi-Modal Biometric Authentication Solutions

TORONTO, Nov. 18, 2014 /CNW/ - VoiceTrust, a global leader in voice biometrics solutions and BioID AG, a cloud biometrics leader, today announced a strategic alliance that will create a full suite of biometric offerings to VoiceTrust customers worldwide.

Under the terms of the agreement, Canadian-based VoiceTrust will have exclusive rights to resell BioID's biometric modalities through integration into VoiceTrust's agnostic authentication platform.  In addition to voice, this agreement will expand VoiceTrust's solution set to include facial and periocular with liveness detection and iris, making VoiceTrust a true multi-modal biometric authentication provider.

"With this strategic alliance, we are executing on our strategy to deliver a full suite of cloud-enabled, biometric authentication solutions to our customers," said Alan Brousseau, CEO, VoiceTrust.  "Together with BioID we are creating a complete set of secure, biometric authentication solutions across mobile, telephony and online communication channels for the enterprise, banking, insurance and telecommunication sectors."

"Our alliance with VoiceTrust expands our ability to provide cutting-edge biometric solutions to the rapidly-growing global authentication market," said Ho B. Chang, CEO, BioID. "We're excited to be collaborating with VoiceTrust's innovative team and proud to have them offer our full product line to their customers."

It is becoming increasingly difficult for consumers to observe standard secure practices for passwords that are hard to guess, not shared across domains and changed often.  In addition, Corporate Security Officers are seeking stronger authentication strategies for their enterprises.  Biometrics forms the basis of an identity verification solution that offers strong authentication without the inconvenience of the password. VoiceTrust's broadened suite of products is poised to meet the growing global demand for stronger and more convenient authentication, enabled through a singular focus on biometric solutions, a unique technology platform and deep industry expertise.

About VoiceTrust
VoiceTrust provides voice biometrics solutions that make authentication more secure, convenient, and cost-effective than passwords, PINs, and security questions. Fortune 500 enterprises in financial services, IT helpdesks, and call centers verify the identity of customers and employees across North America and Europe with our voice-based authentication products. In September 2014, VoiceTrust entered into a Share Exchange Agreement with Delrand Resources Limited (TSX:DRN, JSE:DRN) to be completed contemporaneously with a private placement to raise proceeds of approximately $15M, after which the newly merged companies will continue to execute the VoiceTrust business plan exclusively.

About BioID AG
BioID is the cloud biometrics company. The company makes strong, convenient, privacy-assured face, iris and voice recognition available to everyone, on any device, any time, anywhere so people can be protected in the cyber world and forget about passwords. Guided by the vision that anonymous biometric recognition empowers internet users to secure their online identities with privacy, BioID offers a reliable link between a real person and digital identities by verifying the user's presence in a convenient and natural way - just the way they look and/or the way they sound. Privately held with R&D based in Germany, BioID has offices in Switzerland and the US.

SOURCE: VoiceTrust

Omar Zaibak, Head of Marketing, [email protected]