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Home » News & Press » News Articles » Expanding further in Europe:Ibas establishes a subsidiary in France

Expanding further in Europe:Ibas establishes a subsidiary in France

The data security company Ibas has opened a subsidiary in Paris, Ibas France SAS 1st of March. The new subsidiary has been established in collaboration with the French company Adstore, which is an experienced company in the field of data recovery in France. Ibas will have a majority of the shares in the new company.

Adstore, which is based in Paris and Cholet, is a distributor of data storage products in France, and has many years' experience selling data recovery services. Former employees at the Paris branch of Adstore will continue in the newly established subsidiary of Ibas. In addition, using Ibas' core competence and tools, a new technical laboratory for carrying out data recovery operations in France will be built up.

Ibas has a strong market position in Europe and the establishment of a new company in France is part of the company's strategy for further growth. Reduced time and cost in connection with the shipment of storage media where data needs to be recovered are important competitive advantages, and Ibas will then be able to carry out recovery services for one of the biggest markets in Europe. Corresponding local services are already offered in the German market.

The goal of Ibas France SAS is to become a significant player in the field of data recovery, data erasure and computer forensics in the course of a few years. In the past ten years, Ibas has continually expanded its sales activities in Europe, and the establishment of the new subsidiary in Paris means that Ibas is now represented in the entire western part of Europe.

An exciting market with tremendous potential

"France is a very special market with a tight-knit local business culture. Ibas has for some time now considered opening offices in the country, and in Adstore we found the expertise we needed for a local subsidiary. France is Europe's third biggest IT-market with tremendous potential, and we expect to be a significant player already in just a few years time," says President & CEO Arve Saghaug in Ibas AS.


For more details, please contact:
Arve Saghaug, President & CEO Ibas AS, Tel: +47 62 81 01 00

Facts about Ibas AS
The data security company Ibas, established in 1978, is one of the world's leading companies in Data Recovery and Data Erasure with Computer Forensics as an emerging business area. The Company Head Office is located in Kongsvinger, Norway, with subsidiaries, distributors and partners worldwide. For more information please visit www.ibas.com

News
20 per cent growth for Ibas in 3rd quarter
Ibas Holding ASA increased its turnover by 20.3 per cent to NOK 25.4 million in the third quarter of 2004. Pre-tax profit came to NOK 4.0 million in the third quarter against NOK 3.8 million in the same period of 2003. The third quarter 2004 yielded the company's best-ever interim results.
Kroll Ontrack completes acquisition of Ibas Holdings
Kroll Ontrack Inc., the data recovery and legal technologies subsidiary of Kroll Inc., the global risk consulting company, has completed the acquisition of Ibas Holdings ASA, a leading Norwegian-based provider of data recovery, data erasure and computer forensics services. Effective today, Ibas becomes a holly-owned subsidiary of Kroll Ontrack AS, a newly-formed Norwegian entity.
 

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