Program to re-focus product portfolio and restructure its sales organization completed by Cryptozone
Cryptzone, the European IT security and threat mitigation specialist, today announced the completion of the major restructuring program started in 2012. Einar Lindquist, who took over as CEO in June 2012, agreed the necessary changes in conjunction with the board and major shareholders to kick start a turnaround and achieve profitability.
The review began during the summer of 2012 with the goal of aligning the existing IT security product offering with emerging market requirements. Cryptzone has subsequently implemented a change in the product mix and divested of various business units. The Cryptzone IT security portfolio is refocusing toward securing content and access to enterprise assets, with SE46 being retained in the business, although its sales function has been reorganized and incorporated into the sales regionalization plan. Cryptzone has now been re-organized into three distinct sales regions: Nordic, Europe and the Americas. With all these changes implemented the company is achieving greater market focus and visibility.
Cryptzone’s primary focus is on software to address the IT security gaps in MicrosoftTM SharePointTM. The SharePoint market continues to experience rapid growth and Cryptzone’s encryption solution, Secured eCollaboration, is providing the enhanced document security, access control and auditing capabilities that organizations need in today’s highly regulated and intensely competitive market. Integrated with its secure access technology, offered by the AppGate platform, Cryptzone delivers a secure digital workplace for workers at the office or on the move, whatever device they choose to use.
An increasingly mobile workforce and the unstoppable trend toward BYOD (Bring Your Own Device) make protecting sensitive, regulated and valuable information an ever more complex task. Cryptzone is helping organizations implement security technology that strikes the right balance between security and compliance on the one hand and usability on the other.
The restructuring, which is now expected to yield results in 2013, has resulted in cuts as well as new ventures within the different regions. Although the majority of the restructuring work is complete, further adjustments are likely to be required in the future. The revised company profile, product range and organizational changes are expected to lead to a competitive position in the market.