Bio-key International shares rise 53.03% intraday after partnering with Visualforma to deploy IAM and biometric solutions in Portugal covering 250+ government organizations.

Bio-key International surged 53.03% intraday, driven by a strategic partnership with Visualforma to deploy identity and access management (IAM) and biometric authentication solutions in Portugal. The contract covers over 250 government organizations, including municipal, education, and healthcare institutions, with operations already underway in a major tourist city. The company specializes as a leading provider of IAM and biometric solutions, focusing on fingerprint biometric technology and identity management software.