Blockchain Platform Provider KrypC Technologies Opens European Office in The Hague
Accessibility, excellent digital infrastructure and a rich talent pool for cyber security and cryptography are key reasons why KrypC Technologies chose Holland
From left to right: Mark Beermann, Danny Frietman (Enterprise Summit), Karsten Klein (Deputy Major of The Hague), Venu Rajamony (Ambassador of India), Ilja van Haaren (The Hague Business Agency), Chris van Voorden (InnovationQuarter) and Paul de Kroon (34 Capital)
KrypC Technologies, a rapidly expanding global blockchain platform provider, has selected The Hague for its European head office and made it official during the Cyber Security Week. KrypC Technologies is headquartered in the US, has its R&D-center in Bangaluru (India), and now selected The Hague for their European expansion. At the welcoming ceremony KrypC’s CEO Mr. Ravi Jagannathan was presented a welcoming plaque from the Deputy Major of The Hague to mark this festive occasion. The Ambassador of India, the Honorable Mr. Venu Rajamony gave an important speech during the ceremony that highlighted the warm ties between India and the Netherlands.
Expanding to The Hague
The Netherlands is an early adopter for new technology and strategically located to serve multiple markets within Europe. On top of that the combination of accessibility, an excellent digital infrastructure and a rich talent pool in the area of cyber security and cryptography are key reasons why KrypC Technologies chose this country. Activities at its European office in The Hague will include sales, marketing and R&D. KrypC Technologies currently has 30 staff, 20 of which are based in its R&D-center in Bangalore. The remainder are spread across the US and the Netherlands. KrypC Technologies now plans to grow its physical presences both in San Francisco (US) and The Hague.
During KrypC’s exploratory visits to the Netherlands and The Hague, they received a warm welcome from the Netherlands Foreign Investment Agency (NFIA), The City of The Hague, The Hague Business Agency, InnovationQuarter and many other investors and partners in the region. In particular Dutch tech entrepreneur and resident of The Hague, Danny Frietman from Enterprise Summit, created a warm entrance into the Dutch market and partner ecosystem. He and his business partner Mark Beermann will continue to support the expansion of KrypC Technologies.
Strong ties with India
Mr. Venu Rajamony said: “I am pleased to see that The Hague and Bangalore value its mutual strengths in the area of emerging technologies and cutting-edge R&D. Both cities and countries have a strong appetite for innovation, and culturally connect well. I compliment KrypC Technologies with their choice for The Hague and congratulate them.”
“We highly appreciate the strong innovation culture in the Netherlands, and recognize the particular strengths of the The Hague region in the areas of cyber security, cryptography and blockchain development,” says Mr. Ravi Jagannathan, Founder and CEO of KrypC Technologies. “We are excited to work with the local business community and scientific and governmental institutions, as well as fuel the collaboration between our cryptographic and blockchain domain experts and the rich talent pool in this region. We truly appreciate the welcoming environment and support from the Municipality of The Hague, InnovationQuarter, The Hague Business Agency and many others for their assistance to us in setting up our European office. This is an exciting day for us!”
28 September 2017