HIDDN: Enters into agreement to expand distribution capabilities, targeting the growing business and service market in Europe
(Oslo, 28 June 2018) Hiddn Solutions ASA (HIDDN) has entered into an agreement with ALSO Holding AG (ALSO) for the distribution of Hiddn’s products and services to major markets in Europe. Through ALSO's configuration centre in Copenhagen, the agreement will also open for integration and distribution of Hiddn’s SafeDisk in PC’s, notebooks and tablets, from all major brands.
“We are pleased to receive another confirmation of the demand for Hiddn’s GDPR compliant secure data storage solutions in Europe. The agreement with ALSO is important to Hiddn, as it will noticeably increase our distribution capabilities – not only for our existing SafeDisk and KryptoDisk products, but also for a new range of products and services that will become available in the second half of 2018”, says Carl Espen Wollebekk, CEO of Hiddn Solutions.
ALSO is one of Europe’s largest distributors of ICT products and services and has an annual revenue of approximately EUR 12 billion, and is present in 15 countries in Europe. Hiddn will gain access to ALSO’s distribution channels and ALSO’s configuration centre outside of Copenhagen in Denmark , which will open up for integrating Hiddn’s encrypted hard drives, SafeDisk, in PC’s, notebooks and tablets – making Hiddn’s proprietary technology available on major brands, distributed to European markets.
“Product sales from Hiddn will be followed by services like remote management, back-up to cloud and software protecting our disk solutions. This has the potential to diversify Hiddn’s revenue stream to also include recurring service and licensing fees, in addition to the sales of secure hardware storage solutions”, Wollebekk continues.
Hiddn has a long history of developing, manufacturing and selling secure data storage solutions based on unique and patented IP for safe key handling and authentication. New distribution agreements enable Hiddn to better market these solutions, and to reach high-end business customers and organisations that demand easy-to-use, easy-to-manage secure storage solutions with need of the market leading technology.
“Hiddn has recently introduced new products and services and expanding our platform of distribution channels, is important to gain market acccess for our existing and upcoming products. We therefore look forward to collaborating with ALSO going forward”, Wollebekk concludes.
For further information, please contact:
Carl Espen Wollebekk (CEO of Hiddn), telephone: + 47 930 55 505 /e-mail: cew@hiddn.no
About Also
ALSO Holding AG (Emmen/Switzerland) (ALSN.SW) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 250 000 articles from some 525 vendors. The Group has 4 058 employees throughout Europe. In fiscal year 2017 (closing on December 31), the company generated net sales of 8.9 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at www.also.com
About Hiddn Solutions ASA
Hiddn Solutions ASA (Hiddn) is a public limited company headquartered in Oslo, Norway, listed on the Oslo Stock Exchange under the ticker HIDDN. Hiddn is supplying impenetrable proprietary hardware-based authentication and encryption products. Hiddn's encryption product suite offers a distinctly superior level of safety and ensures that sensitive information stays confidential and unavailable to unauthorised access, even if the device is lost or stolen. Hiddn’s products are currently being used amongst others by the Norwegian Armed Forces, national and Dutch Authorities and on NATO's Northrop Grumman's Global Hawks surveillance drone. Hiddn aims to capitalise on the significant investments made to date by embarking on a full commercial scaling and take advantage of the current technology and cybersecurity trend in the market place.For more information, please visit www.hiddnsolutions.com.
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