SOURCE: Cryptzone

December 07, 2010 02:27 ET

Cryptzone Group acquires SE46 for its "Virus killer" technology

GOTHENBURG, SWEDEN and STOCKHOLM, SWEDEN--(Marketwire - December 7, 2010) - Cryptzone Group's expansion strategy continues with the purchase of well-established Swedish IT security company, SE46 AB. SE46 provides solutions for the protection of IT infrastructure with their innovative Computer Integrity System (CIS) and Application Inventory System (AIS) solutions.

"SE46's leading compliance and protection solutions will extend the current Cryptzone Group security portfolio with the addition of their "Virus-Killer" whitelisting and application trust technology. The challenge of protecting networks and computers against viruses and malware grows everyday encouraging many companies to change their approach and turn to whitelisting.

"SE46's whitelisting technology is one of the best protection methods currently available on the market," says Peter Davin, CEO of Cryptzone "Today we have over 850 customers with more than 1 million global users who now have the chance to protect themselves against viruses and malware as an extension to their existing software. We are strengthening our high-end corporate IT security offering through this acquisition and is enabling the Cryptzone Group to expand its reach into new markets, secure new platforms and proves that we are willing to invest further from a development and sales perspective."

"This merger marks the beginning of another exciting chapter for us. SE46 currently provides the most secure whitelisting product on the market and by joining forces with Cryptzone Group, we can now extend our reach to the global market and further develop new pioneering products within whitelisting technology," says Fredrik Åhgren, CEO of SE46 AB.

Whitelisting is a promising new approach in the fight against malware and viruses, where well-known antivirus products have failed to stop over 30% of new viruses. It is gaining more attention from security departments than ever before because businesses have understood the concept of whitelisting and its benefits, which makes adoption easier.

SE46's product, CIS, prevents the start of any unknown application, thus requiring all software to be inspected and approved beforehand. This way, infected or unwanted programs are effectively prevented from causing damage. The technology is used to protect servers, endpoints, medical devices, industrial robots, production systems, payment/transaction systems and defence equipment. SE46 is represented through a number of partners including Kerfi and Logica. CIS is provided to large companies and government agencies that require high IT security standards. With over 50 European customers based on the Microsoft Windows® operating system and several embedded OEM contracts, SE46 has considerable growth potential with a structurally strong position in their home market. The potential of the product will now be realized and introduced to the global market by Cryptzone Group's worldwide sales force and network of more than 150 partners.

The Cryptzone Group is making waves through its latest industry acquisitions as well as partnerships and amassing an impressive portfolio of security products that will help strengthen its position in the consolidating security market.

Cryptzone Group is acquiring SE46 AB for 2 750 000 SEK, which is paid with newly issued shares. SE46 already has, before the acquisition, secured revenue for 3 MSEK during 2011 regarding OEM deals which, due to its nature, is expected to generate revenue in the future as well. The acquisition is expected to generate a positive cash flow and result already before integration with the Cryptzone Group. Cryptzone assumes control over SE46 on the 7th of December 2010.

About SE46:

SE46 AB is a software house focusing on proactive IT-security solutions to protect companies IT infrastructure. To suit that purpose all products are designed according to the principle of "Default Deny". By only allowing approved certified programs, the risks of infection and damage are eliminated. This leading solution has been implemented by a number of large corporations and government agencies to meet their high standards of security.

About the Cryptzone Group:

The Cryptzone Group (OMX: CZON B) supplies systems for Data Loss Prevention in three categories: role-based access control, encryption of sensitive information, as well as Java-based point-to-point communications. The Cryptzone Group's goal is to offer user-friendly security solutions in order to increase the overall information security, thereby minimizing the risk of information leakage, while IT administrators have complete control over user rights. The company has offices in Sweden, UK, USA and Poland. More information about the company and its solutions can be found on www.cryptzone.com & www.netconsent.com. Cryptzone's share is listed on First North in Stockholm, Sweden. First North is an alternative market, operated by the different exchanges within NASDAQ OMX. Certified Adviser is Thenberg & Kinde Fondkommission AB, +46 31-745 50 00.


Press Release: http://hugin.info/139230/R/1469612/406921.pdf


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Cryptzone via Thomson Reuters ONE

[HUG#1469612]

Contact Information

  • For more information:
    Peter Davin
    CEO Cryptzone Group
    Email: Email Contact
    Tel: +46 701 839 199

    Bjorn Muchow
    CFO Cryptzone Group
    Email: Email Contact
    Tel: +46 31 773 86 03

    Fredrik Ahgren
    CEO SE46
    Email: Email Contact
    Tel: +46 735 14 57 01