Cryptzone to initiate international investment round to fund US expansion and strategic product development
Gothenburg, 15 February 2013
Cryptzone, the European IT security and threat mitigation specialist, has over
the last six months refocused its IT security solution portfolio and transformed
the organizational structure to strengthen the business. The North American
market continues to show strong growth and is helping to reinforce Cryptzone's
position as global player in the IT security market.
The Cryptzone Board and management team believe that the fundamental changes
necessary for the company's new ventures have been initiated and essentially
implemented. The company has begun work on fundraising and a contract with
Stockholm Corporate Finance and American investment bank, Rainmaker Capital, has
been signed in order to raise capital in the range of 20-40 million SEK on the
international market.
This capital will be used primarily to build a strong and self-sufficient sales
organization in North America, and to accelerate product development in the
areas that are strategically important for 2013 and 2014 - principally
Microsoft(TM) SharePoint(TM).
The Board has a mandate from the AGM to reach a decision on the issue of up to
700,000,000 B shares for the purpose of raising capital.
For more information
Einar Lindquist, CEO, Cryptzone Group AB
einar.lindquist@cryptzone.com
Tel: +46 704-299Â 839
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.
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Source: Cryptzone via Thomson Reuters ONE
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