Cryptologic Moves to Europe

Published September 27, 2006 by OCR Editor

Cryptologic Moves to Europe

President and CEO of Cryptologic, a leading software provider, has decided to transfer the company's headquarters to Ireland. According to CEO Lewis Rose, for his business to take it to the next level, it must fish where the fish are/

In order to gain strategic flexibility, Cryptologic is sending its top ranking employees to an office in Ireland, while the rest of Cryptologic's software development staff will stay in their current location, Toronto.

Although the company is following the US crackdown on the industry closely, they are insisting that the move has little to do with it. The move has to do with relocating to a country that offers a gaming-friendly environment and will provide the company with a wider range of marketing support and brand management services, not to mention the proximity to their major customers.

Cryptologic, which focuses mainly on the industry, sells software that include table and slot machine games, player-to-player poker, and an electronic cash management system. Starting in January 2007, Cryptologic will adopt London's Alternative Investment Market as its primary stock exchange while maintaining its listings on Toronto and NASDAQ markets.

See also

CryptoLogic Suffers Setback

Cryptologic Going Strong

CryptoLogic Extends Bonds with Marvel

Cryptologic

CryptoLogic Keeps Gaming Exciting


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