NRD Cyber Security has liquidated its Bangladesh-based company.

According to Vilius Benetis, NRD Cyber Security’s Director, it is not necessary to have a registered legal entity in order to continue working on projects in Bangladesh.

‘We have been working in Bangladesh since 2015. We have helped the country develop important national cybersecurity capabilities, such as cybersecurity incident coordination, digital forensics, and centralised cybersecurity threat monitoring. The latter was made possible by NRD Cyber Security’s solution, Natrix. However, to further develop our business in Bangladesh, it is not necessary to have a legal entity, so we are liquidating NRD Bangladesh. We will continue to focus on business development in the Indo-Pacific region,’ – says V. Benetis.

NRD Cyber Security controlled 99% of NRD Bangladesh’s shares. The founder of the company, Norway Registers Development AS, has purchased the shares and implemented the liquidation. The purchase and sale of shares, and the liquidation of NRD Bangladesh, did not affect the value of NRD Cyber Security or Norway Registers Development AS.