Cryptzone acquires IT-security company AppGate Network Security AB

GOTHENBURG, SWEDEN--(Marketwire - December 17, 2009) - Cryptzone AB (publ) has signed an agreement to acquire IT security company AppGate Network Security AB (AppGate). The new company will be a global player in the Nordic market, with enhanced presence in the UK and USA. The merger provides the opportunity for good revenue and cost synergies, which is expected to improve profitability significantly in the new joint company. AppGate is a global leader in access control in large networks. AppGates list of customers include global companies in the Fortune 500 companies, the military, defense industry and governments.

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