Cryptzone completes program to re-focus product portfolio and restructure its sales organization

Wed Feb 13, 2013 4:46am EST

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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 and visibility.

Cryptzone's primary focus is on software to address the IT security gaps in MicrosoftTM
SharePointTM. The SharePoint market continues to experience rapid growth and Cryptzone's
encryption solution, Secured eCollaboration
http://www.cryptzone.com/products/sep/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 http://www.cryptzone.com/products/secure-access/ , 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 market.


Cryptzone Group AB (publ)

For more information:
Einar Lindquist, CEO Cryptzone Group
einar.lindquist@cryptzone.com mailto:einar.lindquist@cryptzone.com 
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 http://www.cryptzone.com http://www.cryptzone.com .

Cryptzone's share is listed on First North, Sweden, the Nordic alternative market operated by
NASDAQ OMX. Certified Adviser is Thenberg & Kinde Fondkommission AB.



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Source: Cryptzone via Thomson Reuters ONE


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