SecurityWorldMarket

12/10/2018

Nexus predicts continued 50% growth in Asia

Stockholm, Sweden

Identity and security company Nexus Group is growing its footprint in Asia: last year the company’s revenue growth in the region was 50%, and this trend is expected to continue. “We are therefore investing more in the region by hiring more people and opening a new office in India”, says Lars Pettersson, CEO of Nexus.

Swedish-owned Nexus currently has its biggest markets in the Nordic and DACH (Germany, Austria, and Switzerland) regions.

“The demand for our Smart ID platform is increasing in these markets, but the growth rate of the emerging economies in Asia are far ahead of the developed world, and this is reflected in the demand for identity solutions,” says Pettersson.

Nexus has already established itself in Asia as one of the leading vendors of identity solutions.

“Our solutions are enabling multifactor authentication for Asian retail banks, cloud security for Asian enterprises, and digital signatures for a billion Indian citizens, among other things. Our impressive customer base in the region demonstrates that we are trustworthy which will help us as we accelerate our expansion in Asia,” says Tejas Lagad, director for Asia at Nexus.

Michael Olsson, chairman of the Nexus board, and Ulrika Sundberg, ambassador at the Consulate General of Sweden in India, took part in the opening ceremony for the new office in Pune, India, on September 28, 2018.

“Our new office is quite spacious, since we are looking for new engineers to add to our team. More than 50% of our workforce, both globally and in Asia, is directly involved in research and development. We hire top talents, and our current engineers have backgrounds in software and product development companies such as Symantec, Microsoft, SAS, and ISRO,” says Lagad.


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