SOURCE: Cryptzone

March 22, 2010 08:38 ET

Cryptzone acquires ControlGuard

GOTHENBURG, SWEDEN--(Marketwire - March 22, 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@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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