WISeKey Announces a Joint Venture With I-Teco to Establish WISeKey Russia to Provide eSecurity and Trusted Cloud Computing Services

By Wisekey Sa, PRNE
Tuesday, April 13, 2010

MOSCOW and GENEVA, April 14, 2010 - WISeKey, a World Economic Forum High Growth Company, is expanding
its global footprint via a group of strategic partnerships with key partners.
WISeKey's global expansion is targeting BRIC economies as a priority, with
several major wins in the latest months in Brazil, Russian Federation, India
and China. This enhances existing operations in the USA and Middle East from
the Swiss Hub, converting WISeKey to one of the fastest growing eSecurity
companies in the world.

(Photo: www.newscom.com/cgi-bin/prnh/20100414/386748 )

I-Teco is a leading Russian systems integrator and supplier of
information technologies for corporate and state customers, established in
1997 with a current turnover of more than 10 billion rubles. I-Teco employs
more than 1000 people including 800 highly skilled IT-specialists, and
possesses over 500 industry certificates including ISO. I-Teco is among
TOP500 Russian largest companies and TOP5 consulting groups in development
and IT systems integration (ratings of "Expert RA"). In 2007 I-Teco was
recognized as the IT-company of the year in the field of system integration
(RBC/CNews Awards), and twice - in 2007 and 2009 - as the most attractive
employer (Superjob.ru).

Carlos Moreira, Founder, Chairman of the Board and CEO of WISeKey
said: <<The economic outlook for Russia is very bright and this joint venture
enables WISeKey to respond faster to marketplace dynamics. Our company will
be in a better position to strategically invest in Russia and accelerate our

WISeKey's partnership with I-Teco establishes an alliance between
two leading companies whose values and product portfolios represent a rich
legacy of bringing leading eSecurity technology and services to consumers in
Russia and around the world. This will allow our company to provide Secure
Cloud Computing and security services from Russia with a localized High
Security datacenter in Moscow.

Alexei Remizov, Chairman of the Board of I-Teco said, <<The joint
venture provides WISeKey a platform to expand its successfully branded
products to the Russian market and to export world class Russian technology
and services to international markets. WISeKey's partnership with I-Teco
leverages both firms' strengths and will enable us to expand eSecurity and
Trusted Services such as Cloud Computing and Digital Identification much
faster and more efficiently across Russia and the region, substantially
increasing revenues and profitability>>.

Anna Lipowska, Executive Board Member of WISeKey Russia, said:
<<This cooperation allows two leading IT companies to expand their business
by combining Swiss neutrality, Russian know-how, and state of art
technologies. This is a powerful model that will be replicated throughout the
Central Eastern Europe (CEE) region.>>

Dimitry Malyshev General Manager WISeKey Russia said: <<Swiss
eSecurity combined with the experience and talents of I-Teco experts responds
to the highest requirements of Russian governmental institutions and private
sector. The joint venture will manufacture next generation eSecurity products
in Russia to be distributed worldwide.>>

Under the Joint Venture agreement, WISeKey and I-Teco will become
financial and operational founders of the new entity - WISeKey Russia,
headquartered in Moscow. I-Teco will be the exclusive distributor of WISeKey
technologies, services and products in Russia and will provide WISeKey Russia
with the required datacenter infrastructure allowing trusted cloud-computing

WISeKey (www.wisekey.com) is the one of the fastest
growing eSecurity company in the world. A leading Swiss information security
and identity management software and services firm headquartered in Geneva.
Its mission is to facilitate the global growth of secure electronic
transactions. It does so by supplying businesses, governments, and
individuals with advanced technology and services that authenticates the
identity of communicators, signatures, and objects during Internet

I-Teco (www.i-teco.ru) I-TECO provides systems of
information security, integration services, consulting, service support and
outsourcing, it implements complex, integrated IT-infrastructure solutions
for major state structures, industrial and telecommunications companies,
financial and insurance companies and small and medium businesses. Since its
foundation I-Teco has the right to work on projects related to the use of
information containing state secrets, with the establishment of means to
protect confidential information, development, production, maintenance and
distribution of cryptographic tools, having obtained the required licenses of
the FSB and Russian Federal Service for Technical and export control.

Picture is available via epa european pressphoto agency and can
be downloaded free of charge at:


A picture accompanying this release is available on AP Archive:
photoarchive.ap.org "(PRN7)


    Carlos Moreira
    CEO WISeKey

    Anna Lipowska
    WISeKey Russia

Contact: Carlos Moreira, CEO WISeKey, cmoreira at wisekey.com, +41-22-594-30-05; Anna Lipowska, WISeKey Russia, alipowska at wisekey.com, +41-22-594-30-05

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