CrossKeys Expands European Presence.MAIDENHEAD Maidenhead, city (1991 pop. 59,809), Windsor and Maidenhead, S central England, on the Thames River. It is a residential town with brewing and milling industries as well as a resort. The 13th-century stone bridge was rebuilt in the 1770s. , UNITED KINGDOM--(BUSINESS WIRE)--Nov. 18, 1998-- CROSSKEYS(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CKEYF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CKY CKY Camp Kill Yourself (band) CKY Conakry, Guinea - Conakry (Airport Code) .) CrossKeys executives officially open new U.K. office as headquarters for growing European business. CrossKeys Networks Limited, a leading supplier of software applications for telecommunication service providers, today announced the official opening of its new, expanded European headquarters, at Grove House in Maidenhead, England. "The European market has been quick to respond to the competitive advantage offered by CrossKeys software," says John Selwyn, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , CrossKeys. "Last year, this region accounted for over half of CrossKeys total revenue. We continue to expand our operations in Europe through new staff, new business, and with Grove House, a new headquarters." CrossKeys presence in Europe has increased steadily. The CrossKeys Europe team has nearly doubled in size each year since 1996. In fiscal 1998, the European region recorded sales of $24.3 million. This was three times the region's revenue in the previous fiscal year. "Europe represents one-third of the global market for Wide Area Network (WAN) equipment," says John Symes, Director of the Europe, Middle East and Africa Region at CrossKeys. "It is home to several of the world's largest service providers, and the competitive, deregulated environment make it a most innovative, dynamic and demanding market. Our move to Grove House is central to our strategy of continued investment in Europe, allowing us to provide our customers with the solutions that they require." CrossKeys Grove House coordinates the activity of two other country offices in Europe, located in Germany and France. This expansion of CrossKeys European operations coincides with the recent opening of three new offices worldwide: Mexico, Israel and India. CrossKeys Networks Ltd. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CrossKeys Systems Corporation (www.crosskeys.com), a software solutions company committed to offering telecommunication service providers decisive network information and control for improved business performance and a sustainable competitive advantage. With an installed base of over 160 of the world's largest telecommunication service providers, CrossKeys portfolio of sophisticated and high value products optimize network performance and service delivery while maintaining and growing market share. A leading supplier to Newbridge Networks Corporation, Compaq, and Siemens AG, CrossKeys has been ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified since 1995. CrossKeys Systems Corporation is a public company whose common shares are listed for trading on NASDAQ (CKEYF) in the United States and on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (CKY) in Canada. CrossKeys and logo are registered trade marks TRADE MARKS. Signs, writings or tickets put upon manufactured goods, to distinguish them from others. 2. It seems at one time to have been thought that no man acquired a right in a particular mark or stamp. 2 Atk. 484. of CrossKeys Systems Corporation. All other trade marks are the property of their respective holders and are acknowledged by CrossKeys Systems Corporation. Related releases: November 4 -- CrossKeys opening office in India to serve rapidly developing market October 6 -- CrossKeys a Double Winner at Canada Export Awards |
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