Reykjavik, March 13th 2023
OK, a leading IT service company in Iceland, announced today that it has signed an agreement to acquire all operating assets of the Anti-Malware business from Cyren Ltd (NASDAQ: CYRN), an Israeli cybersecurity company which recently filed an insolvency application with the Tel Aviv District Court.
A new subsidiary of OK called Varist, co-owned with Cyren’s former employees, will continue to service and develop the Anti-Malware products. The technology is rooted in Iceland and has, through continuous innovation, protected customers from malware for over 30 years. In 2012, Commtouch (later named Cyren) acquired the Anti-Malware technology from its Icelandic founder, with operations and development remaining in Iceland.
Hallgrímur Th. Björnsson, CEO of Varist:
“We are proud to be able to secure the business and to rehire our talented employees. They are an inseparable part of the Anti-Malware technology and their combined knowledge and experience in cybersecurity amounts to over 250 years. With the acquisition and backing of OK we will be able to continue to deliver best in class detection efficacy and further develop our products to accommodate the increasing requirements of the market.”
For more information to Cyren customers, visit varist.com.
OK is a value-added reseller and provides managed services for a diverse group of customers including consumers, institutions, and enterprises from all major sectors in Iceland. OK was founded in 1985 and works with a wide range of partners, for example Cisco and Red Hat as well as being the sole distribution and support centre for HP in Iceland. OK is owned by VEX, an Icelandic private equity fund, and a diverse group of professional investors.