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Gothenburg, December 11, 2008 – Cryptzone and Avira have initiated a negotiation regarding Avira to become the majority shareholder of Cryptzone.
Both Cryptzone and Avira can see a number of potential synergies of a joint market approach. The technologies are complementary as well as the served customer
segments. Avira would benefit from Cryptzone’s expertise and products in the area of encryption and email security, as well as Cryptzone’s sales channels into larger organizations and the government sector. Cryptzone will also be a contributor to Avira’s future product portfolio.
The joint product portfolio will be one of the best offered solutions on the global market. The goal is for the negotiation to be finished no later than the 31st of January 2009. "I see this opportunity as a step to increase the strength of our company and build our product portfolio to fully compete within the strong growing global market for Data Leak Prevention - DLP", says Peter Davin, CEO of Cryptzone. "Cryptzone gains a strong financial owner with its own complementary product line, with sales in Europe, Asia and America and a strong customer base consisting of over 60 million users. This opportunity will give Cryptzone a fantastic potential to reach out to new markets and customers, as well to our existing customers," says Per Svantesson, Chairman of the board, Cryptzone. About Cryptzone:Cryptzone is a recognized leader in data leak prevention solutions that secure data at rest and in transit. Its mission is to provide security technology that people actually can and will use, thereby increasing the overall data protection and minimizing data leaks. Cryptzone helps users secure email, files, folders, disks, USB sticks and mobile terminals without forcing users to change the way they work, while giving IT departments’ complete control of user rights. The company has offices in Gothenburg, Sweden, New York, US, and Munich, Germany. For more information about Cryptzone and the company’s portfolio of encryption solutions, please visit cryptzone.comCryptzone is listed and trading on First North. First North is an alternative market, operated by the different exchanges within NASDAQ OMX. Certified Adviser on First North: Thenberg & Kinde Fondkommission AB, Phone: +46 (0) 31-745 50 00 For more information:Peter Davin, CEO CryptzoneEmail: Phone: +46 (0)701 839 199 |