Crypto AG →
Successor to Crypto AG
Crypto International AG, or CIAG, is a Swiss manufacturer
and communications equipment,
and a provider of cyber security services,
based in Steinhausen (Switzerland). It is the
successor to Crypto AG
– the company founded by
in 1952 – since 1 February 2018.
Crypto International AG is owned by the Swedish cyber security entrepreneur
Andreas Linde, who took over the portfolio of
Crypto AG (Hagelin)
on 1 February 2018.
For an overview of historical and legacy products, please refer to our
Crypto AG page or visit the company's website below.
On 11 February 2020, the German, Swiss and American press revealed that
the predecessor of Crypto International AG
— Crypto AG (Hagelin) —
had been owned and operated since 1970 by the German intelligence Service
and the US Central Intelligence Agency (CIA),
as part of a secret operation codenamed RUBICON.
Although the BND had left the operation in 1994, the CIA stayed with
it until the assets were sold to Linde in 2018 .
Shortly after the revelation of Operation RUBICON,
the Swiss Government
announced that pending a formal investigation, the export licence of
Crypto International AG
had been suspended. This is strange, as it had
nothing to do with the old Crypto AG.
In the first week of March,
the police raided the offices of
Crypto International AG in Steinhausen
(Switzerland) to secure evidence,
awaiting a formal SECO investigation .
On 3 July 2020, the Swiss newspaper Neue Züricher Zeitung (NZZ)
announced that Crypto International
was about to lay off 83 of its 85 staff, which was effectively the entire
workforce . It seems likely that the two owners – Andreas and Emma Linde –
were the only two remaining employees.
It is currently unknown whether they will be taking legal steps against the
former owners or the former directors of the old (now liquidated)
On 21 August 2020, the Swiss newspaper Tagesanzeiger revealed that
after the announcement of the mass layoffs,
on 4 July 2020, the company owners – Andreas and Emma Linde – had
registered a new company with the Swiss Chamber of Commerce, named
Asperiq AG .
The registration became effective on 7 August 2020 .
It is likely that Asperiq AG
is affiliated with the Swedish Asperiq Group AB
– founded in 2017 –
as it is als owned by the Linde family.
➤ About Asperiq
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© Crypto Museum. Created: Tuesday 14 January 2020. Last changed: Saturday, 22 August 2020 - 11:51 CET.