euro909.com Buys Danish Virus Detection Company
Page 1 of 1
[London, ENGLAND] European e-business enabler has acquired Virus112.com A/S, a Danish virus detection company, in a shares and performance warrants deal.
Euro909.com's offer of 1.1 million ordinary shares and up to 1.1 million performance-based warrants has been accepted by the Danish company, which was founded as recently as May 2000.
Virus112.com provides businesses with 24-hour virus surveillance and technical support, including Internet scanning with its early warning system. If any client is under threat it sends e-mail, fax and text messages so that the company can take evasive action.
In just a few months, Virus112.com has built up an impressive list of clients, and currently has more than 600 customers including PriceWaterhouseCoopers, Tele Danmark Internet, The Danish Stock Exchange and several Danish government departments.
Brian Mertz Pedersen, chief executive, Virus112.com, said that becoming part of euro909.com would greatly accelerate his company's ability to market its digital security service to a pan-European audience.
"From our experience, the majority of European companies do not have the time nor the resources to adequately handle the threat of new viruses, and as a result have lost billions of dollars. By leveraging euro909.com's expansive customer-base throughout Europe, we feel the market potential for our service is wide open," said Pedersen.
Jesper Helbrandt, chief operating officer, euro909.com, said that the value of Virus112.com's solutions should be quite evident to clients, especially after witnessing the worldwide impact of the "I Love You" virus.
Euro909.com now operates in Denmark, England, France, Germany, Norway, and Sweden. It offers clients complete e-business solutions, including Web site design and hosting; Internet access; together with print, online, and broadcast media advertising.