Based on the successes in the foreign market so far, I would increase the share of export revenue at Kürt Zrt. To one third of the total turnover in the medium term. Following the project in Uzbekistan, opportunities for Africa are now being explored at the company, and their presence in the U.S. market would be strengthened.
At present, exports account for about 15-18 percent of the Kürt Group’s sales revenue, and this share is planned to increase to one-third of total revenue in the coming years. Based on the SeCube GRC information security product and related services, the company has recently achieved significant success in international markets. As they are a license-based product, their sales provide a predictable, continuous revenue for the company, which lays the groundwork for further development and development of the company.
The company distributes primarily through local partners, and they are constantly working to make as many localized versions of these products as possible. SeCube GRC is software that supports the creation and effective management of complex internal activities and documents required to comply with company internal policies and various ISO certifications, audits, and regulatory requirements, enabling the development and ongoing control of a company’s information security management system. The system was developed by the Horn more than a decade ago, and its latest, fourth major version, released last year, is capable of handling all processes and documents related to audits within the European Union.
SeCube is already used in several European countries and has been successfully introduced in Vietnam. In addition, Kürt recently closed a project in Uzbekistan with a distributor partner there, which will allow the company’s software to reach businesses in the region, and the application will be integrated into the training of a local university.
“The SeCube GRC consists of software components that can be modularly assembled in a single framework. Our experience shows that while more modules are needed at home, Western European markets are increasingly looking for a complex solution, a system that can simultaneously manage risk management, business continuity, or disaster recovery. We are very good at this, so we are optimistic about the launch of the new main version last year and the results so far are encouraging. The result of our presence in 5 domestic financial institutions is the use of SeCube in green energy and educational institutions, industrial companies, transport companies and public administration institutions. In our new major version, we put more emphasis on the responsibilities that can be assigned to the management of the entire enterprise security within the software, which has doubled the number of users in one year. ”
– said József Kmetty, CEO of Kürt Information Security and Data Management Ltd.
Following its success in Europe and Asia, the company is also exploring business opportunities in Africa and is working hard to bring its products to market in the US.
“We have encouraging talks in the US, but we have to see that it’s a very tough market, it’s a huge challenge to get there, so we’re trying to work with a local partner there too. In order to increase foreign revenue, it is possible to establish a new subsidiary in the future, but our experience so far shows that distributor relations also work well if we offer a quality product that meets real market needs. All in all, I see that information security has been the focus of attention in companies, institutions, and government organizations in recent years, and I expect that demand for systems that offer a complex solution, such as our SeConical log analysis development, will increase significantly. ”
József Kmetty added.
The Kürt Group, which employs about 80 people in Hungary, achieved a consolidated turnover of more than HUF 1.7 billion in 2020, which is a 10% increase compared to 2019. It plans to grow by more than 10% this year.
Source: technokrata by www.technokrata.hu.
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