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2020-06-24

Advenica grows in Europe - new contract worth MSEK 12 from a public sector customer

Advenica provides expertise and unique, technically advanced, durable and future-proof high assurance cybersecurity solutions for critical data in motion up to Top Secret classification. The company has its head office in Malmö, Sweden and established itself in Austria in mid-2017 to provide high-security cybersecurity solutions to customers in Austria and other European countries.

The newly signed contract consists of an initial delivery where the order value amounts to MSEK 12. In addition, Advenica will deliver products and services for a number of years and the value of these following deliveries is estimated to be at least the initial order value. The customer is an organization in the public sector and the deal has been handled from the Austrian office. Delivery of the first part of the contract is scheduled to take place in 2020.

"Information security is a top priority and many organizations have high demands. They have operations that require high-assurance solutions to safeguard their most valuable information. With future proof technology, user-friendliness, exceptional reliability and high assurance, Advenica's products are unique on the market and we notice a clearly growing demand for our products and our expertise" says Markus Gursch, CEO Advenica Austria.

For further information, please contact:
Markus Gursch, CEO Advenica Austria, +43 1 25 30025 270, markus.gursch@advenica.com

This information is information that Advenica AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10.15 CET on June 24, 2020.

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