Gothenburg, 27 November 2013
Cryptzone, the IT security and threat mitigation specialist, has today followed through on its previously declared strategy to re-focus its product offering and dispose of the SE46 product suite, in accordance with the decisions made at the Extraordinary General Meeting held in 2012.
SE46 was acquired in late 2010 with a view to extending Cryptzone's portfolio to include Application Whitelisting, an area in which Cryptzone has chosen no longer to focus. The divestment is made through the sale of patents and intellectual property, as well as the transfer of development staff. The buyer consists of former management team members at SE46, who were also employed within Cryptzone following the original acquisition.
"Cryptzone is currently following its strategy to concentrate on our two key technologies, namely, content security and secure access control," says Ilija Batljan , Cryptzone's Chairman. "The divestment of SE46 is another step towards the company's focus on security solutions and services that secure and add value to the Mobile/BYOD (Bring Your Own Device) and Microsoft SharePoint market."
Existing customers will receive on-going support and product development for SE46 products through the buyer, Accurisec Softwarehouse AB.
The sale has no material impact on the consolidated results, as the purchase price is almost matched by a write off of capitalized development costs.
For more information
Ilija Batljan, Chairman, Cryptzone Group AB
Tel: +46 705 18 39 67
Fredrik Åhgren CEO, Accurisec Softwarehouse AB
Tel: +46 735 14 57 01
About the Cryptzone Group
The Cryptzone Group is a technology innovator of proactive controls to mitigate IT security risk. Our solutions enable organizations to securely connect, collaborate and comply within the digital workplace, thereby improving document security, access control and compliance auditing capabilities.
Headquartered in Sweden, the company has a presence in the USA, UK, Belgium, Germany and Poland, as well as an extensive partner network with more than 150 global partners. For more information about the company and its solutions, visit www.cryptzone.com.
Cryptzone's share is listed on First North, Sweden, the Nordic alternative market operated by NASDAQ OMX. Certified Adviser is Thenberg & Kinde Fondkommission AB.