Eyeonid Group AB (publ) has decided to open an office and a subsidiary in Latvia

The Board of Eyeonid Group AB (Eyeonid Group) has decided to open offices in Riga while launching a subsidiary in Latvia.

Eyeonid Group has for a long time been evaluating the possibility of opening an office in the Baltics. After careful consideration, the Board has decided that the new office will be opened in Riga, Latvia.

"As Eyeonid Group's lead pipe grow, parallel development of the company's product areas takes place. As recently reported in the latest quarterly report, we will now expand our offer in the EyeOnID product area. Our new offer will contain several proactive and reactive ID-monitoring modules. This decision stems from the information we received from our potential Partners while it will also strengthen our position in the market, "says Daniel Söderberg, CEO Eyeonid Group

Following an evaluation, access to competent personnel, geographical location, potential customers/partners and proximity to Eastern Europe has been the main reasons for the selection of Riga, Latvia.

"In recent years, it has become very clear that access to senior technical developers for employment has decreased radically in Sweden. The opening of the Riga office ensures our technical progress at a significantly lower cost than in Sweden. Furthermore, the company looks at taking a global position in which the Riga office, in addition to its geographical position in the Baltic region, also gives us proximity to Eastern Europe where many potential Partners has shown their interest in our offer", says Daniel Söderberg, CEO Eyeonid Group.

As a thorough preparation has been made, the first employees are expected to be in place at the new office within 10-14 days.

This information is information that Eyeonid Group AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication on the 29th May 2018.

For any further information please contact:
Daniel Söderberg, CEO, Eyeonid Group AB (publ.)
Phone: +46 073 422 79 30
Mail: daniel.soderberg@eyeonid.com
www.eyeonid.com

Eyeonid was founded in 2014 and has since its inception developed a technical complex and advanced platform for proactive ID protection services. The company's service monitors and alerts customers when sensitive, private and corporate digital information, such as login credentials, credit card numbers and social security numbers, are found at unauthorized sites on the internet, whereupon the customer can act and protect himself.