Snap Inc. has quietly acquired the team behind Swiss startup Strong.Codes, a maker of tools that obscures software code and makes it harder for competitors to copy.
In early 2017 Snap hired Laurent Balmelli, an engineer who co-founded Strong.Codes. The rest of the four-strong team has since joined Balmelli, according to a person familiar with the move and information on their LinkedIn profile pages. The new hires will remain working in Switzerland. Strong.Codes has since closed.
Snap has also placed advertisements seeking to hire information security experts and cryptographers in Switzerland, and has been slowly increasing its European presence. It’s one of the lead sponsors at Black Alps 17, a cybersecurity conference at Yverdon-les-Bains, northeast of Geneva, and in May hired Facebook Inc.’s Marianne Bullwinkel as country manager for Germany, Austria, Switzerland.
Source:: AdAge – Digital