Cryptzone Group has acquired AppGate Network Security AB
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.
"I very much welcome the opportunities this acquisition provides us. The skills of both companies’ staff is high, the products are world leaders and the joint customer base provides excellent potential for the future", says Cryptzone CEO Peter Davin.
Read the full press release hereThe AppGate Story >>