InfoWatch group of companies to expand its presence on European market

The German software company cynapspro GmbH has joined InfoWatch group of companies. Under the deal, cynapspro's controlling interest goes under InfoWatch management. The agreement provides transfer of exclusive rights for all cynapspro GmbH products and designs, patents and trademarks to InfoWatch. InfoWatch plans to increase revenue from this direction in the next 2-3 years up to several dozen million euros per year.

Cynapspro works on the German-speaking markets of Western Europe (Germany, Austria and Switzerland) and develops enterprise information security software. Cynapspro solutions provide control of endpoint-connected devices such as external media, communication devices, printers, optical drives etc.; application management, data encryption and filtering by file type, as well as data protection on mobile devices and removable media. All solutions work under the single management console; it allows you managing security policies centrally. Cynapspro partner network includes about 50 distributors and resellers. Also more than 650 German and Austrian companies are among its customers. Cynapspro turnover for 2011 amounted to several million euros. According to the management estimates, the company has 10-15% of German-speaking endpoint protection market. More than 30 high-qualified information security specialists work for the company. Predicted profit for 2011 is at least 10% of the turnover. In comparison to 2010, revenue growth for 2011 is at least 50%.

«Until today InfoWatch mainly worked in the segment of large companies and corporations. Cooperation with cynapspro gives us an opportunity to offer a good solution for small and medium businesses worldwide,» – said Natalya Kaspersky, InfoWatch CEO. «At the same time, we plan to increase our activity in Europe, since now we have a reliable office that is capable not only to provide marketing and promotional services, but also provide technical support for all InfoWatch solution series. InfoWatch and cynapspro products integration will create an additional opportunity for us. InfoWatch is good at large scale server solutions, whereas cynapspro is good when it comes to the endpoint protection in small & medium business environments. We plan to invest heavily in the expansion of our joint business, in particular, we plan the geographic expansion in European countries». It's supposed that cynapspro integration with InfoWatch will affect products development and promotion. In small and medium business segment, cooperative product of InfoWatch and cynapspro will be delivered under a new brand (currently in development). Large business products will be sold under the InfoWatch brand. Cynapspro technologies will become a part of this product range, adding a set of necessary functional improvements expected by our customers.

«In the recent 5 years we have been able, with a relatively small team, not only to introduce the series of products now recognized as the best in the industry, but also occupy one of the leading positions in the German market, — says Sergey Shlotthauer, CEO, cynapspro, — and hundreds of satisfied customers with 100 to 100.000 licenses are the best evidence thereto. We’re entering an entirely new level of business. Before long we will be offering a comprehensive portfolio both in the field of Endpoint Security and gateway level DLP solutions. Besides, we will be able to go beyond the German-speaking sphere and make a serious claim at the global market».