Cracking software drives the growth of a Swedish company – Economíahoy.mx

Bloomberg – 11:38 – 04/08/2016

• MSAB’s turnover grew for 11 years consecutive, after the 11/01/2001 in New York

Micro Systemation AB says 25% jump in sales last year is only the start, while police and governments are increasingly using software to force mobile devices after the recent shootings and terrorist attacks.

“I hope that the pace of growth is maintained or increased in this long term, “said Chief executive Officer, Joel Bolloe in an interview in Stockholm on Thursday, refusing to make specific comments on growth expectations for 2016.

the company’s stock reached a peak after these statements, and 4.2% were trading higher at 12:20 hours in Stockholm.

While last year were shipped 1,500 million smartphones and people increasingly dependent on them for everything, from Internet access to messages and payments, mobile devices store a lot of knowledge and background information related to its users. Given that the authorities increasingly need access private data of suspects to solve and prevent crimes such as terrorist attacks, it is very likely that sales of products such as forensic software MSAB increase.

year, the Federal Bureau of Investigation (FBI) of the United States used a third party to access an iPhone used in a shooting last year in San Bernardino, California, when Apple Inc. refused to do so. It was said that to force the phone worked with Cellebrite Mobile Synchronization Ltd. of Israel. Recent terrorist attacks in countries like Belgium, France and Turkey are also likely to increase the use of software like MSAB.

“This disturbing world is generating demand for such instruments” Bolloe said. “In recent years we have seen a trend: companies realize that they need to reallocate budget to technology because they know that on the Internet, smart phones, computers, is where the evidence is protected We have the potential to be much, much larger. now “.

the MSAB turnover grew for 11 consecutive years, thanks to increased security measures worldwide after the terrorist attacks of September 11 in the United States in 2001. sales climbed up 227 million kronor (28 million dollars) last year after reaching 181 million kroner in 2014, while earnings before interest and taxes as a percentage of sales increased to 25%.

Mobile phone is the most important evidence found in a crime scene now because now criminals use such devices as the main tool when planning or committing crimes, according Bolloe.

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