Nexus expands in Asia – expected revenue growth of 50%

Identity and security company Nexus Group is growing its footprint in Asia: last year the company’s revenue growth in the region was 50%, and this trend is expected to continue. “We are therefore investing more in the region by hiring more people and opening a new office in India”, says Lars Pettersson, CEO of Nexus.

Swedish-owned Nexus currently has its biggest markets in the Nordic and DACH (Germany, Austria, and Switzerland) regions.

“The demand for our Smart ID platform is increasing in these markets, but the growth rate of the emerging economies in Asia are far ahead of the developed world, and this is reflected in the demand for identity solutions,” says Pettersson.

Nexus is already a leading vendor in Asia

Nexus has already established itself in Asia as one of the leading vendors of identity solutions.

“Our solutions are enabling multifactor authentication for Asian retail banks, cloud security for Asian enterprises, and digital signatures for a billion Indian citizens, among other things. Our impressive customer base in the region demonstrates that we are trustworthy which will help us as we accelerate our expansion in Asia,” says Tejas Lagad, director for Asia at Nexus.

Looking for more top-notch developers

Michael Olsson, chairman of the Nexus board, and Ulrika Sundberg, ambassador at the Consulate General of Sweden in India, will take part in the opening ceremony for the new office in Pune, India, on September 28, 2018.

“Our new office is quite spacious, since we are looking for new engineers to add to our team. More than 50% of our workforce, both globally and in Asia, is directly involved in research and development. We hire top talents, and our current engineers have backgrounds in software and product development companies such as Symantec, Microsoft, SAS, and ISRO,” says Lagad.

About Nexus Group

Swedish-owned Nexus Group is an innovative and rapidly growing identity and security company. It secures society by enabling trusted identities for people and things in the physical and digital world. Most of its technology is integrated into the Nexus Smart ID solution, which provides standardized and easy-to-use modules that enable organizations to issue and manage physical and digital IDs, manage physical and digital access, enable electronic signatures, and issue and manage public key infrastructure (PKI) certificates. The Smart ID solution is most commonly used for corporate IDs, citizen IDs, and IoT (internet of things) security. Nexus has 300 employees across 17 offices in Europe, India and the US, as well as a global partner network.

Published 25/9 2018

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