The antivirus company Norman is now in a position to focus more strongly on its antivirus business following today’s flotation on the Oslo Stock Exchange of its former subsidiary Ibas. Norman’s technology is among the most advanced in the world, and the company aims to become a significant player in the European market.
Norman’s world-leading Sandbox technology can halt an attack by new and hitherto unknown viruses. This means that Norman’s customers are protected far quicker than computer users who rely on traditional signature based antivirus programs, which must wait for any new virus to be identified before updating the user’s antivirus program.
“Following the Ibas flotation, Norman’s strategy will be to be even more focused on our antivirus technology and on achieving a breakthrough in the market for our products,” said Henning Hansen, chief executive of Norman ASA. “Although we will be concentrating on our core technology, we can also offer security products from a number of business partners. This enables us to be both a specialist in the antivirus field and supply a broad range of solutions to customers’ security problems, such as spam and spyware,” he added.
Norman has a strong market position in Scandinavia, the Benelux countries and Switzerland. As part of its plans to become a major player in the European market, the company is currently building up its presence in the UK and Germany.
The Ibas flotation will reduce Norman’s gross operating revenue by just over 25 per cent, but will strengthen the company’s profit margin.
For further information, please contact Henning Hansen, CEO of Norman ASA. Tel: +47 9088 1192.
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