Prosegur to Appoint Alejandro Alonso as Executive Chairman
December 11, 2018 at 03:09 pm EST
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Prosegur has reached an agreement to acquire a majority stake in Cipher. Following the completion of the transaction, Alejandro Alonso, former Prosegur Cybersecurity Managing Director, will act as Executive Chairman and Eduardo Boucas, founder and CEO of Cipher, will remain in the company as a shareholder and the Global CEO of Prosegur Cybersecurity.
Prosegur Compania de Seguridad SA is a Spain-based company engaged in the provision of security services. The Companyâs activities are divided into business segments: Integrated Security Solutions (ISS), Cash in Transit (CIT) and Alarms. The ISS division provides surveillance and protection of premises, property and persons, as well as activities related to technological security solutions. The CIT division offers transportation, storage, safekeeping, counting and classification of coins and banknotes, deeds, securities and other goods that require special protection. The Alarms division comprises installation and monitoring of home alarms. The Company operates through numerous subsidiaries in Europe, Latin America, Asia, Africa and Australia. It is controlled by Gubel SL.
PROSEGUR COMPAÑÍA DE SEGURIDAD, S.A. 
