Cryptomathic Opens First US Office

San José, California, USA - 4  August  2011

Cryptomathic has opened its first office in the USA, which is located in San José, California in the Silicon Valley. The new operation will be headed up by Cryptomathic's Executive Vice President, Matt Landrock, and is ideally positioned to support our existing and future US customer base, which includes card processors, payment schemes and technology providers.

The significant growth in our US customer-base over recent months has been the key driving factor behind Cryptomathic's decision to open its fifth international operation. The new facility will complement the existing network which includes Cryptomathic's UK-based innovation centre, Denmark's research and development operation and two further offices in Germany and Canada.

Matt Landrock has played a central role in Cryptomathic's global expansion since he joined the company more than 15 years ago and was responsible for establishing both the German and Canadian locations. Commenting on his latest position to launch the USA operation, Matt said: "The Silicon Valley is home to some of the world's largest technology corporations and is at the core of high-tech innovation and development. Once the commercial decision was made to open in the USA, we felt that this location would allow us to effectively monitor regional e-security solution market requirements and efficiently respond. Additionally, as our Canadian office is in Montreal, Cryptomathic can now service the entire region coast-to-coast."

Established 25 years ago, Cryptomathic was one of the first companies in the world to provide e-security solutions to businesses across a wide range of industry sectors. It's Founder and President, Peter Landrock, is still recognised today for his pioneering work to advance cryptographic methods and was shortlisted last year for the European Inventor Award for 2010 within the lifetime achievement category. Today, Cryptomathic is a market leader in providing e-security solutions across areas including key management, EMV, digital signatures and virtual smart cards. Cryptomathic has a global customer base of more than 300 companies and governments, including multinationals, such as card payment processors and payment schemes.