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In 1952 the company, which until then had been incorporated in Stockholm, also moved to Switzerland.
In 1958 when Friedman retired, Howard C. Barlow, a high-ranking NSA employee, and Lawrence E. Shinn, NSA's signal intelligence directory in Asia, took over the correspondence.
Hagelin had first been approached to sell to a partnership between the French and West-German intelligence services in 1967, but Hagelin contacted CIA and the Americans did not cooperate with the French.
In June 1970, the company was bought in secret by the CIA and the West-German intelligence service, BND, for $5.75 million.
In 1994, Crypto AG bought InfoGuard AG a company providing encryption solutions to banks.
In 2010, Crypto AG sold G.V. LLC, a Wyoming company providing encryption and interception solutions for communications.
In 2018, Crypto AG was liquidated, and its assets and intellectual property sold to two new companies.
in 2020, it was established following a parliamentary investigation that the Swiss government and its intelligence services were aware of the spying activities of Swiss-based Crypto for many years and had "benefited from the US-led spying".
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| PGP | 2002 | $19.0M | 225 | 2 |
| Narus | 1997 | $14.0M | 150 | - |
| Scan-Optics | 1968 | $13.1M | 51 | - |
| ICL Systems | 1992 | $191.0M | 15 | - |
| Carnegie Technologies | 2011 | - | 176 | - |
| Synergistix | 1997 | $8.5M | 150 | - |
| Acsis | 1996 | $17.1M | 100 | - |
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Crypto - cybersecurity solutions may also be known as or be related to Crypto - cybersecurity solutions, Crypto AG and Crypto Ag.