Russian info security co Kaspersky mulls Israeli R&D branch

Minister of Industry, Trade, and Labor Ehud Olmert promised Kaspersky Labs government grants.

Minister of Industry, Trade, and Labor Ehud Olmert has promised government grants to Russian information security company Kaspersky Labs, which is considering establishing an Israeli branch. Kaspersky Labs head of virus research Eugene Kaspersky told Olmert that his company was considering setting up an R&D branch in Israel.

Kaspersky believes that Israel has excellent human capital, which could contribute to its information technology development. Eugene Kaspersky, whose anti-virus invention has gained him an international reputation in information security, is visiting Israel for four days as a guest of a conference on terrorism and organized crime on the Internet.

Kaspersky Labs has 60% of the anti-virus market in Russia. Its innovative technology has won many prizes around the world. The company was one of the first to identify new viruses and worms, and to provide solutions for them.

Kaspersky Labs has seven offices around the world, and operates in 50 countries. Power Communication is Kaspersky Labs’ exclusive representative in Israel.

Published by Globes [online], Israel business news - - on December 16, 2004

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