2013-02-13 10:49:03 -
Gothenburg, 13 February 2013
Cryptzone, the European IT security and threat mitigation specialist, today
announced the completion of the major restructuring program started in 2012.
Einar Lindquist, who took over as CEO in June 2012, agreed the necessary changes
in conjunction with the board and major shareholders to kick start a turnaround
and achieve profitability.
The review began during the summer of 2012 with the goal of aligning the
existing IT security product offering with emerging market requirements.
Cryptzone has subsequently implemented a change in the product mix and divested
of various business units. The Cryptzone IT security portfolio is refocusing
toward securing content and access to enterprise assets, with SE46 being
retained in the business, although its sales function has been reorganized and
incorporated into the sales regionalization plan. Cryptzone has
now been re-
organized into three distinct sales regions: Nordic, Europe and the Americas.
With all these changes implemented the company is achieving greater market focus
Cryptzone's primary focus is on software to address the IT security gaps in
Microsoft(TM) SharePoint(TM). The SharePoint market continues to experience
rapid growth and Cryptzone's encryption solution, Secured eCollaboration, is
providing the enhanced document security, access control and auditing
capabilities that organizations need in today's highly regulated and intensely
competitive market. Integrated with its secure access technology, offered by the
AppGate platform, Cryptzone delivers a secure digital workplace for workers at
the office or on the move, whatever device they choose to use.
An increasingly mobile workforce and the unstoppable trend toward BYOD (Bring
Your Own Device) make protecting sensitive, regulated and valuable information
an ever more complex task. Cryptzone is helping organizations implement security
technology that strikes the right balance between security and compliance on the
one hand and usability on the other.
The restructuring, which is now expected to yield results in 2013, has resulted
in cuts as well as new ventures within the different regions. Although the
majority of the restructuring work is complete, further adjustments are likely
to be required in the future. The revised company profile, product range and
organizational changes are expected to lead to a competitive position in the
Cryptzone Group AB (publ)
For more information:
Einar Lindquist, CEO Cryptzone Group
Tel: +46 704-299839
About Cryptzone Group AB (publ):
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
Cryptzone's share is listed on First North, Sweden, the Nordic alternative
market operated by NASDAQ OMX. Certified Adviser is Thenberg & Kinde
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Source: Cryptzone via Thomson Reuters ONE