Information began to be regarded as a strategic asset from the last decades of the 20th century. Formal business processes began to aggregate, store, and protect proprietary information. The movement spread to marketing and finance, as patent rights have been valuable for a long time. The Internet has made information assets even more valuable. Online use of credit cards and electronic banking depend on security of information systems. Customer Relations Management Systems also depend entirely on the integrity of secure networks. Breaking into the latter is now recognized as a serious crime. This particular stock from the Software & Programming Industry derives its importance from the environment of enhanced needs for information security.
Trust is a key success factor in the information security business. The main advantage of this company is the confidence that industrial and commercial clients from around the world repose in it. Major credit card operations and related operations of top financial institutions depend on this company’s hardware and systems. The management has widened its technical moat through strategic acquisitions. It now offers integrated solutions to restricting access to transaction systems through identification of electronic identities. A measure of how respected the company is in financial circles is that it has even started a consultancy service for banks. The company has also won the European Seal of E-Excellence from the European Multimedia Forum. This award recognizes the innovation and service excellence of the company.
Sales have grown faster for this company than for the Software & Programming Industry in general over the past five years. Return on Equity for the stock has also been consistently superior to the industry standard in this sector, and better than realized by the entire Technology Sector.
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