Bure has acquired 19.75 per cent of the shares in the security company Yubico. The acquisition has taken place primarily through the acquisition of existing shares from private investors. The parties have agreed not to disclose the purchase price.
"We have followed Yubico during a long time and are impressed by what the company and its founders Jakob and Stina Ehrensvärd have accomplished. As more and more sensitive information is moving up to the cloud and intrusions are becoming more sophisticated, the importance of higher security is growing. Yubico has succeed in producing a security solution that is secure, flexible and simple to use. The commercial success achieved in the United States with almost all leading global Internet company as customers is outstanding. We look forward to support the company in its future development, and we share the company's vision to make the Internet safe for both companies and individuals," says Henrik Blomquist, CEO of Bure.
"It is gratifying that a long-term owner like Bure has acquired a substantial share of Yubico. Although we have achieved great success in the US, we still have our roots in Sweden and we also have a large development center in Stockholm. We should be able to grow significantly more in Europe." says Stina Ehrensvärd, CEO and founder.
The holding in Yubico will be reported in Bure Growth, which is a wholly owned subsidiary of Bure that invests in development companies.
Bure Equity AB (publ)
Contact at Bure:
Henrik Blomquist, CEO
Tel. +46 (0)8 614 00 20