Kiteworks based in Silicon Valley is acquiring a company from the Greater Zurich Area. According to a press release, it is taking over Totemo AG, which is based in The Circle at Zurich Airport. The company, which was established in 2001, specializes in increasing email security. It was previously owned by its two founders.
Kiteworks provides solutions for the management and protection of sensitive digital content. It now plans to integrate Totemo’s encryption technology into its offering, thus strengthening its position with regard to the communication of confidential information.
As part of the merger, Totemo’s headquarters in Kloten will become Kiteworks’ central office for the regions of Europe, the Middle East, and Africa. Furthermore, the two founders of Totemo will join the exectuive team at Kiteworks.
Dario Perfettibile, Co-Founder and CEO of Totemo, states in the press release: “The combination of Kiteworks and totemo presents a great opportunity to expand the reach of totemo’s email encryption use cases further into other markets.”
Greater Zurich: where tech invests
The Greater Zurich Area is a leading location for information technologies in Europe - just ask global tech giants like Apple, Disney, Google, and IBM that have found success in the region. Companies that locate information technology operations in the Greater Zurich Area benefit from wide availability of skilled talent, opportunity for cooperative efforts with top universities and innovative start-ups, and a stable, business friendly atmosphere.