ALSO Holding AG
SIX : ALSN

ALSO Holding AG

September 14, 2016 03:06 ET

ALSO Leverages Thycotic Technology to Provide Security Services That Protect Against Cyber Attacks

EMMEN, SWITZERLAND--(Marketwired - Sept. 14, 2016) - ALSO broadens its security portfolio and offers Thycotic security solutions in eight countries with immediate effect. Thycotic thoroughly secures privileged accounts in enterprise IT systems against cyber attacks, with more than 7,500 companies already trusting their services globally.

Privileged accounts are at the center of any IT system and serve as universal access for administrators to systems, applications and databases.

"Thycotic is market leader when it comes to security of privileged accounts. With Thycotic security solutions we offer our partners and customers additional solutions to administrate application rights and client management and check for security gaps. I am especially impressed by the solution's scalability – originally developed for mid-sized sector businesses, today Thycotic is being used in corporate group IT systems," said Sasa Viro, Senior Vice President Solution Services of ALSO Holding AG (SIX:ALSN).

"Leveraging our Secret Server solution, ALSO customers and partners will have the confidence that a fundamental security layer will be enforced to protect against cyber attacks. Our solution also automates the management and security of enterprise privileged accounts from one single console, saving both time and money while also reducing risk," said Simon Azzopardi, Vice President EMEA & APAC of Thycotic.

Thycotic's Secret Server, core application of the security solution, automatically identifies privileged accounts within IT landscapes, accumulates the data and safestores them in a password safe. Within this process any safety risk due to non-administrated accounts as well as compliance-relevant safety gaps are being detected. Moreover, in case of a cyber attack, passwords can be changed and renewed in very short time, helping companies to safeguard their systems.

Thycotic security solutions are available with immediate effect in Germany, Denmark, Norway, Sweden, Finland, Estonia, Latvia and Lithuania. For more information please contact thycotic@also.com.

Direct link: http://www.also.com/goto/20160914en

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 160 000 articles from some 350 vendors. The Group has around 3 750 employees throughout Europe. In fiscal year 2015 (closing on December 31), the company generated net sales of 7.8 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at http://www.also.com.

Droege Group

(Major shareholder)

Droege Group (founded in 1988) is an independent consultancy and investment company under full family ownership. The company acts as a specialist for tailor-made restructuring programs with the aim of enhancing corporate value. Droege Group combines its corporate family-run structure and capital strength into a family-equity model. The group carries out direct investments in corporate subsidiaries and medium-sized companies in "special situations" with the use of equity. The motto of "The Art of Implementation" has made the group into a pioneer among hands-on implementation-oriented consultancies. Droege Group demonstrates its implementation excellence daily within its own portfolio. The seven corporate platforms which exist at present are aligned to the current megatrends (mobility, prevention, digitalization, demography, etc.). Enthusiasm for quality, innovation and speed determines our actions. In this way Droege Group has successfully gained a position in the domestic and international markets and operates with over 120 companies in 30 countries. In 2015 the sales volume of Droege Group was 9.2 billion euros.

More information: http://www.droege-group.com.

About Thycotic

Thycotic, a global leader in IT security, is the fastest growing provider of Privilege Management solutions that protect an organization's most valuable assets from cyber-attacks and insider threats. Thycotic secures privileged account access for more than 7,500 organizations worldwide, including Fortune 500 enterprises. Thycotic's award winning Privilege Management Security solutions minimize privileged credential risk, limits user privileges and controls applications on endpoints and servers. Thycotic was founded in 1996 with corporate headquarters in Washington, D.C. and global offices in the U.K. and Australia. For more information, please visit http://www.thycotic.com.

Disclaimer

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.

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