Complex sentence: In 2008 Updatum AB was set up as a subsidiary of CyberWatcher, taking over its portfolio of partners around Europe and specializing on providing information-related services, while CyberWatcher has stayed as a core technology provider.
Split into simpler sentences: In 2008 Updatum AB was set up as a subsidiary of CyberWatcher, taking over its portfolio of partners around Europe. Updatum specializes on providing information-related services, while CyberWatcher has stayed as a core technology provider.