Cryptolog closed the year 2011 in a very positive way, with the firm’s total sales for the year reaching €1.2 million, up 44% from 2010.
Paris, February 6th, 2012 – Cryptolog, the publisher of innovative solutions for electronic signature, timestamping and long-term proof management, is delighted to announce another year of strong growth for the financial year 2011, which ended on December 31st. Sales revenue rose by 44% to €1.2 million, and the company’s total operating revenues (including grants) reached €1.4 million, an increase of over 32%.
In an extremely competitive market, Cryptolog has managed to stand out from the crowd and sign deals with some big names in the software, banking, insurance and service industries. Cryptolog’s expertise, responsiveness and understanding of customer needs have proved critical in enabling the firm to meet the challenge of growing by an average of 35% per year over the past four years.
“This excellent performance, in an environment where the market is in the middle of a global economic crisis, confirms that we have made the right strategic choices. 2011 was a key year in our development and has allowed us to bring together the fundamental elements needed to achieve our growth,” said Julien Stern, CEO and co-founder of Cryptolog.
Indeed, 2011 saw a strategic shift for Cryptolog, with the firm focusing its strategy on delivering OEM (Original Equipment Manufacturer) products and services to software firms, SaaS providers and IT integrators. Today, the Cryptolog offer enables these and other firms to add a wide range of electronic proof features that comply fully with the legal framework in force to any website or software application.
The growth seen by Cryptolog in 2011 was accompanied by significant technical and structural investments, and a selective recruitment campaign aimed at attracting the technical experts, marketing professionals and sales people needed to ensure Cryptolog’s long-term position in the market.
As a result, Cryptolog now has the technical and human resources needed to continue its development plan. One of its plans for 2012 is to launch new service offerings as part of the Unversign SaaS platform in order to address website publishers and SMEs more effectively.
“In 2012, we will continue on this path and offer solutions that are ever more simple, innovative and immersive. We are pursuing our goal of moving away from traditional market practises in order to bring digital signature services within the reach of the majority” said Julien Stern.
Cryptolog is a software company at the forefront of innovation in the fields of digital signature, timestamping and long-term proof management. Cryptolog offers its clients off-the-shelf software solutions, turnkey hosted services and expert advice on electronic signatures. Since 2010, it has also offered the online digital signature and timestamping service Universign.
For further information, visit www.cryptolog.com