genua concludes fiscal year 2019 with outstanding operating performance.
Kirchheim near Munich, July 16, 2020. genua GmbH further expanded its growth-oriented market position in the 2019 fiscal year. The turnover of the German manufacturer of IT security technology rose by 11 % to 37.3 million euros during this period. With this positive result and the 12 % increase in employees, the company continued on its growth trajectory from 2018.
Several events have contributed to the positive business development in fiscal year 2019. genua successfully completed the integration of technology company cognitix and started a strategic partnership with safety provider HIMA. In addition, genua’s status as the first "Qualified Manufacturer" in approval procedure of BSI (German Federal Office for Information Security) accelerated the approval process for security level RESTRICTED in customer projects.
"The outstanding results from 2019 confirm our positioning as a top partner for government and commercial sectors in securing sensitive IT infrastructures," says Marc Tesch, Managing Director of genua GmbH. "We were once again able to position ourselves in the market with solutions and services that maintain a high level of quality, despite the increasingly dynamic and complex nature of the daily business of our customers. In addition, with targeted investments in R&D, we have succeeded in significantly shaping technological trends and increasing our attractiveness as an employer for highly qualified employees."
Product innovations and new approvals: highlights 2019
Strategic partnership with safety provider HIMA
At the start of the year, genua announced its strategic partnership with HIMA Paul Hildebrandt GmbH, a provider of smart safety solutions. The objective: provide reliable digitization for industrial companies through combined expertise. In November, the two companies jointly presented a remote maintenance solution for industrial plants at the SPS trade fair.
BSI classification as the first "Qualified Manufacturer" in the new approval procedure for security level RESTRICTED
In March 2019, genua was the first company to receive the manufacturer qualification for the “Qualified Approval Procedure” from the German Federal Office for Information Security (BSI). The BSI introduced the new procedure in order to be able to grant product approvals for classification level "RESTRICTED – For official use only" (restricted data) to trustworthy manufacturers faster than previously possible. genua took part in the test phase of the new procedure and benefits from quicker processes thanks to the qualification: Whereas product approvals previously took about a year, qualified manufacturers can now achieve this within one to two months.
Compact solution for highly secure data communication
In April 2019, genua presented the new generation of the genucard: the personal security device genucard 3 enables highly secure connectivity of home offices and small branch offices for the handling of classified information. The compact communication solution integrates a firewall and a VPN gateway with approval for restricted data from the German Federal Office for Information Security (BSI) as well as a smart card reader.
Acquisition of the IT security start-up cognitix
In May 2019, genua announced the acquisition of the start-up company cognitix. The Leipzig-based company is specialized in data analytics and machine learning. With cognitix’s Threat Defender, the company offers an AI-based security platform that analyzes network traffic in real time and intervenes selectively when threats are identified.
First firewalls with BSI approval
In August 2019, the genuscreen and genucard products from genua were approved for up to German security level RESTRICTED for both VPN and firewall functions. This makes genua the first provider of IT security systems with approved firewall functions according to the directive for classified information (Verschlusssachenanweisung, VSA) of autumn 2018 for the protection of confidential data.
genua GmbH is a German IT security specialist. Its business activities range from securing sensitive interfaces in public authorities and industry to connecting highly critical infrastructure, reliably encrypting data communication over the Internet and providing remote maintenance systems for industry and remote access solutions for mobile users and home offices. All genua products are developed and produced in Germany. Product quality is ensured by regular certification and approval by the German Federal Office for Information Security (Bundesamt für Sicherheit in der Informationstechnik). genua was founded in 1992 and now has over 250 employees at its main site in Kirchheim near Munich and subsidiaries in Berlin, Cologne, Leipzig and Stuttgart. Over the years, numerous customers from industry and government have come to rely on the experience and solutions provided by the company. genua is part of the Bundesdruckerei group.