On the heels of recent expansion in the United States, Poland, Australia and New Zealand, Utimaco saw the opportunity to further its international efforts of delivering comprehensive, 360 degree security solutions to growing, successful international markets. The Asia/Pacific region accounted for 40.6% of worldwide real GDP growth in 2008, a notable increase from 33% in 2007, and leading analyst firm Gartner forecasts continued expansion through 2012.
"Within the Asia Pacific region, India is considered to be one of the most promising & important future markets," said Marc Wilczek, Managing Director Asia Pacific, Utimaco. "Therefore, it plays a vital role in our global growth strategy."
Through the combination of Utimaco's leading product lines and the customer relationships already established in Mumbai and surrounding areas, the company will further position itself as a leading provider of data security and encryption solutions.
"The opening of Utimaco's India office will help us tap the rapid regional economic growth in Mumbai and meet increased demand for our leading information protection and control solutions across the vertical market spectrum," said Altaf Halde, Utimaco country manager for India. "This office will provide our current and future customers and partners with local support for all activities and as a result, we forsee a large jump in customer acquisitions."
About Utimaco Safeware AG Celebrating 25 years in business, Utimaco is a leading global provider of data security solutions, enabling mid- to large-size organizations to safeguard their data assets against intentional or accidental data loss, and to comply with privacy laws. Utimaco's complete range of data security solutions provide full 360 degree data protection for data at rest, data in motion and data in use. Utimaco offers its customers comprehensive on-site support via a world-wide network of certified partners and subsidiaries. Utimaco Safeware AG, with headquarters in Oberursel, near Frankfurt, Germany, is listed on the Frankfurt Stock Exchange (ISIN DE0007572406). For more information please visit www.utimaco.com.