LUCERNE, Switzerland – BUSINESS – SafeSwiss® Secure Communication AG announced today that it has acquired Secure Swiss Data the end-to-end encrypted email provider. David Bruno, who is from Thunder Bay, his family owns and operates Donato’s Bakery on Court Street says, “I have merged my company SecureSwissData.com with another Swiss company called SafeSwiss.com and will be combining forces to provide an all-in-one encrypted telephony and encrypted email and work suite, all in one app”.
Multinational Secure Swiss Data provides end-to-end encrypted email and data services. It was one of the first companies to provide end-to-end encryption, file storage, and file sharing facility directly to consumers and is also considered a pioneer in this sector.
In a joint statement, both the Chairman of SafeSwiss® Tim Gallagher and CEO of Secure Swiss Data David Bruno confirmed that they were extremely pleased that the technology of both companies was being brought together and that it would provide consumers with greater confidence in being able to use a fully encrypted suite of communication mediums in a single app, email, file storage, file sharing, phone calling, and text messaging.
The exact details of this multi-million-dollar acquisition are undisclosed at this stage in the process, however, it is believed that this is one of the largest of recent acquisitions in the rapidly growing Swiss Cyber technology sector, with some experts saying that SafeSwiss® is also currently in negotiations to acquire other Cyber technology.
Both companies confirmed the deal was a necessity as part of the ongoing effort to mitigate the current escalation of daily cyber-attacks and data breaches. Last year, cybersecurity breaches reached astonishing levels with both British Airways and Marriott Hotels group fined (US $229.34 million) and (US $123 million) respectively by the GDPR superpowers for data breaches that affected 349 million people globally.