ALSO Expands its Cybersecurity Platform

For years, ALSO has been working with leading security vendors to develop a comprehensive cybersecurity platform. As part of an exclusive cooperation for the channel, the intelligence solutions of cybersecurity specialist CYE are now being integrated into the platform and will be offered to resellers via the ALSO Cloud Marketplace.

The integration of the solutions from one of the world's leading cybersecurity specialists is another milestone for ALSO in building its own cybersecurity platform. The technology provider has already been working on the development for several years together with major security providers such as Symantec, Kaspersky, Sophos, IBM, Microsoft, Cisco and Fortinet. The existing security portfolio, which is accessible to resellers via the ALSO Cloud Marketplace will be expanded: ALSO will integrate CYE's SaaS Platform powered by cutting-edge technology combining advanced artificial intelligence with services delivered by world leading security experts that helps organizations focus on threats that are tailored to their risk landscape and attack surface. CYE provides to customers a significantly improved security posture and automated remediation across their organizations.

«Cybersecurity is becoming more and more important in view of the increasing use of cloud computing, AI and IoT and streaming services», says Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN). «We have therefore been working with leading security providers for years to develop and build a comprehensive cybersecurity platform to effectively support our resellers and their customers in deploying individual defense measures against cyberattacks».

Market research companies put the total market in 2018 at around 15 billion euros and estimate average annual growth of eight percent over the next five years to around 23 billion euros for the countries in which ALSO is active. A disproportionate development (approx. 30 percent) is expected for the cloud sector.

The Cybersecurity Intelligence SaaS Platform from CYE - HYVER combines learning artificial intelligence and predictive analytics with comprehensive global human expert knowledge providing extensive protection to business infrastructures by exploiting real-life attack scenarios driven by continuous red-team assessments - going beyond compliance regulations to secure business operations and critical assets. Organizations must defend their entire digital footprint against persistent and highly sophisticated cyber threats without disrupting business processes.

«The integration of the CYE security suite is a further step in the development of our cybersecurity platform», adds Möller-Hergt. «But it won't be the last. We will continue to expand the platform and bring in new partners and vendors». From October, the cybersecurity platform offerings will be available via ALSO resellers, and in future also for PaaS partners in over 80 countries.

«To be a leader in any market, it is key to align with local specialist partners who understand both our advance technology and the local customer needs. We are delighted to be partnering with ALSO who will now extend our reach into new European markets», says Reuven Aronashvili, CEO of CYE. «CYE looks forward to challenge the conventional model of the cybersecurity industry, with innovative solutions that will help ALSO customers resilience against evolving threats».

By building the cybersecurity platform, ALSO is consistently pursuing its path as a technology provider. It complements the existing platform solutions for cloud, IoT and streaming services.

Direct link to media release: https://www2.also.com/press/20190927en.pdf

Contact person ALSO Holding AG:
Manuela Rost-Hein
Head of Communications ALSO Group
Phone: +49 151 14040215
E-Mail: manuela.rost-hein@also.com

ALSO Holding AG (ALSN.SW) (Emmen/Switzerland) brings providers and buyers of the ICT industry together. ALSO offer more than 550 vendors of hardware, software and IT-services access to over 100 000 buyers, who can call a broad spectrum of other customized services in the logistics, finance, and IT services sectors, as well as traditional distribution services. From the development of complex IT landscapes, the provision and maintenance of hardware and software, right through to the return, reconditioning and remarketing of IT hardware, ALSO offers all services as a one-stop shop. ALSO is represented in 22 European countries and generates total net sales of approximately 9.2 billion euros with around 4 000 employees in the fiscal year 2018. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at https://also.com

Droege Group
Droege Group (founded in 1988) is an independent advisory and investment company under full family ownership. The company acts as a specialist for tailor-made transformation programs aiming to enhance corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity business model. The group carries out direct investments with its own equity in corporate spin-offs and medium-sized companies in "special situations". With the guiding principle "execution - following the rules of art", the group is a pioneer in execution-oriented corporate development. Droege Group follows a focused investment strategy based on current megatrends (knowledge, connectivity, prevention, demography, specialization, future work, shopping 4.0). Enthusiasm for quality, innovation and speed determines the company's actions. In recent years Droege Group has successfully positioned itself in domestic and international markets and operates in 30 countries. More information: https://www.droege-group.com

Disclaimer
This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.