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Shimon Systems, Inc.

Product Name

Bio-NetGuard™

Market Segment

Enabling technology

Funding

Raised more than $1 million from private investors. In the middle of raising the second round of financing.

Competitors

No direct competitors; however companies such as Funk Software and others that offer traditional, non-biometric (or password-based authentication) external servers may be considered secondary competitors.

Product Description

Bio-NetGuard™ provides Fingerprint based access control to enterprise networks at the very first point of contact to the network — the Wi-Fi access point. By combining the latest Wi-Fi security and biometric identity verification technologies, Bio-NetGuard™ provides a soild access control mechanism for your enterprise network. Before users can connect to the Wi-Fi LAN, their fingerprints must be authenticated by Bio-NetGuard™. Bio-NetGuard™ is a fully contained authentication device that works with any Wi-Fi Protected Access-compliant access point.

Market Opportunity

The target market is the enterprise Wi-Fi LANs. Each Wi-Fi LAN requires an access point and we are targeting one Bio-NetGuard™ for one access point. The access point units sold are going to increase from about 6 million in 2006 to 10 million in 2008. We expect 10% penetration by 2008 with $150 million revenue goal by 2008.

Demo Says

Shimon Systems liberates wireless network authentication from the password. This biometric identification approach allows network administrators to secure Wi-Fi networks without the hassle of password administration and lets users access Wi-Fi connectivity with a simple touch pad verification. Bio-NetGuard™ eliminates the security risk that has prevented many organizations from deploying Wi-Fi.