Cryptzone acquires ControlGuard
(Thomson Reuters ONE) -
Gothenburg, 22 March 2010 - Cryptzone announced today that an agreement has been
reached with the security company ControlGuard LTD for Cryptzone to acquire
ControlGuard's business and assets.
ControlGuard is a leading provider of end-point security software that controls
access to company computers and servers. ControlGuard's software is already
integrated with Cryptzone's solutions for Data Leak Prevention, and has been
marketed by Cryptzone for a long time as an OEM solution. The acquisition of
ControlGuard by Cryptzone creates many synergies that are expected to increase
margin and sales.
In addition to ControlGuard's software, Cryptzone also takes on the relationship
with more than 200 ControlGuard customers and a strong network of nearly 40
partners worldwide. ControlGuard operates in the U.S. and Europe.
The new business is expected to deliver a positive cash flow during 2010.
"I am very pleased that we have succeeded in linking ControlGuard's security
solutions to our own. These solutions complement our existing portfolio in a
very good way. I see great benefits in that we can offer our products to
ControlGuard's customers and offer ControlGuard's whole range of products to our
existing customers and partners," said Peter Davin, CEO of Cryptzone. "Extending
our business with technology that is well established, and with many satisfied
customers and partners, will have a positive impact for Cryptzone generating
sales income from day 1."
Cryptzone bought AppGate Network Security AB in January 2010 and the purchase of
ControlGuard is expanding the company further.
For more information about ControlGuard, please visit www.controlguard.com.
For more information:
Peter Davin, CEO
Email: peter.davin(at)cryptzone.com
Tel: +46 701 839 199
About The Cryptzone Group:
The Cryptzone Group (OMX First North: CZON B) is a technology innovator
providing Data Loss Prevention solutions in three areas: role-based access
control, encryption of sensitive information, and Java-based secure
point-to-point communications. The Cryptzone Group's goal is to offer solutions
that are user-friendly and that give IT administrator's complete control over
security policy, in order to increase customers' overall information security
and minimise the risk of information leakage. The company has offices in Sweden,
UK, USA and Germany. More information about the company and its solutions can be
found on www.cryptzone.com, www.appgate.com, www.mindterm.com.
Cryptzone's shares are listed on First North in Sweden, the Nordic alternative
market operated by NASDAQ OMX. Certified Adviser is Thenberg & Kinde
Fondkommission AB, 031-745 50 00.
[HUG#1396089]
Press release: http://hugin.info/139230/R/1396089/352580.pdf
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Datum: 22.03.2010 - 08:26 Uhr
Sprache: Deutsch
News-ID 1011715
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