Nymi has announced that it has entered a strategic partnership with Konica Minolta that includes a financial investment by Konica Minolta in Nymi.

The investment and the strategic partnership validates Nymi’s Always On Authentication™ solution for pharmaceutical and other highly regulated industries.

Chief operating officer at Nymi Dave Rai said: “Nymi’s authentication solution is poised to alter the landscape for regulated industries.

“It dramatically reduces the cost of compliance and increases productivity through a combination of backend enterprise software integrated with the leading manufacturing execution systems and single sign-on systems coupled with the easy-to-use Nymi Band wearable. The Konica Minolta partnership allows the Nymi technology and solution to scale to broader verticals in the enterprise market.”

Nymi has completed deployments of its enterprise authentication solution with several leading pharmaceutical companies over the last couple of years. At the heart of the solution is enterprise-grade software that provides seamless integration with leading manufacturing execution systems and single sign-on systems and works with the Nymi Band wearable device to solve critical customer problems, such as data integrity.

CTO of Konica Minolta Kunihiro Koshizuka said: “We have been engaged with Nymi discussing enterprise authentication and potential ways to work together.

“We look forward to exploring ways to scale the Nymi technology to broader enterprise solutions.”