Computeruser.com
Latest News

Cryptzone increases share capital with 25 million SEK

Through preferential and direct share issuing, 26.1 million SEK (3,3 million US dollars) was subscribed throughout the month of June. Gothenburg, July 2nd, 2009 – Through preferential and direct share issuing, 26.1 million SEK (3,3 million US dollars) was subscribed throughout the month of June.

In accordance with the decision from the shareholders meeting the company will be provided with 25.0 million SEK before costs related to raising the capital. In addition to current and new shareholders who subscribed for a total of 12.8 million SEK, a Swedish investor consortium contributed an additional 13.3 million. After a full dilution, the consortium will hold 49% of the capital and 37% of the voting power in the company. The group consists of Kattvik Financial Services AB, Gylling Invest AB, M2 Capital Management AB, TJ Junior AB, The Gentle Persuader Fund, ATV Holding AB and AB Giraffen.

"We are very pleased at the high interest shown from this round of raising new capital" says Per Svantesson chairman of Cryptzone." With the help of both new and old shareholders, we can continue to develop and operate Cryptzone into the future. With the efficiency improvements made in the past several months and new products developed, this capital greatly increases the probability to achieve a positive cash flow. According to the board’s assessment, this can be accomplished within the next three quarters. The new capital is expected to cover the base costs and make a platform for the continued global expansion for more than 1 year." Per Svantesson continues.

"Cryptzone operates in an exciting segment with strong growth along with good products and now a well-adapted organizational structure. It will be exciting to follow the company’s continued journey as the owner, where the first important milestone is to reach positive cash flow" said Patrik Tillman, CEO at Kattvik Financial Services, Cryptzone’s largest shareholder today.

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, Los Angeles, US, and Munich, Germany. For more information about Cryptzone and the company’s portfolio of encryption solutions, please visit cryptzone.com.

For more information, Cryptzone AB (publ):
Peter Davin, CEO Cryptzone
Email: [email protected]
Phone: +46 (0)701 839 199

Björn Muchow, CFO
Email: [email protected]
Phone: +46 (0)31 773 86 03

Per Svantesson, Chairman
Email: [email protected]
Phone: +46 705 288 780

Cryptzone 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

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test