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2014-04-07

Cryptzone: Cryptzone Acquired by Medina Capital

Purchase of Leading Encryption and Identity and Access
Management Company Completed

Gothenburg - April 7, 2014 -
Cryptzone, a leading provider of encryption solutions and identity and access
management (IAM), has been acquired byMedina Capital, a high-growth equity
investment firm focused on the IT infrastructure sector. The acquisition of
the publicly traded company, which is presently listed on NASDAQ OMX First
North, was finalized following the completion of the tender offer for all of
the outstanding shares of Cryptzone.

Specializing in encryption and identity and access management technologies,
Cryptzone designs solutions that are seamless to users, yet afford powerful
security that protects enterprise information assets, corporate applications,
and other network resources, including Microsoft SharePoint environments. The
company's customers, which include five companies from the Fortune 50 and
various government agencies, are able to securely connect, collaborate and
comply within the digital workplace, thereby improving document security,
access control and compliance auditing capabilities.

Cryptzone's primary products includeSimple Encryption Platform(SEP)
andAppGate. The SEP solution is an enterprise-wide platform that addresses
encryption requirements for data in transit, email data, portable media,
information on the corporate network, and Microsoft SharePoint
infrastructure. Cryptzone's AppGate solution is an enterprise-wide identity
and access management platform that focuses on users and the applications
they need access to instead of the traditional IP-centric network approach.
AppGate provides secure, role-based access control to enterprise users
granting them access to only authorized assets.
"Large-scale data breaches impacting companies like Target, and their tens of
millions of customers, are indicative of the new threat landscape targeting
critical data in all industries and underscore the need for the types of
secure access controls provided by Cryptzone," said Manuel D. Medina,
founding and managing partner of Medina Capital. "Through our investment and
the strategic guidance to Cryptzone's leadership team, we believe the company
will be ideally positioned to take advantage of a significant market
opportunity for leading-edge identity and access management solutions.
Cryptzone has already gained tremendous traction in the U.S. market and we
plan to build on that momentum by establishing a significant presence for the
company here in the near future."

According to Gartner, the identity and access management market was
contributing most to overall growth in the information security sector. The
industry analyst firm forecasts double-digit growth in the IAM market through
2017 with "demand for security products and services to be partly driven by
the persistent threat landscape and influenced by the targeted and evolving
attack patterns that are growing in sophistication. Within this backdrop,
organizations will continue to seek the expertise and help of security
technology and service providers to mitigate risks and reduce security
vulnerabilities."[1]
"Cryptzone has a strong, established set of products and services that have
been widely accepted by hundreds of customers to address the security
challenges facing organizations in the enterprise and government markets,"
said Einar Lindquist, CEO of Cryptzone. "The combination of our proven track
record to develop reliable security solutions and the Medina Capital team's
ability to help companies with lead generation, product development and
operations will enable our company to realize its full growth potential."

About Cryptzone

Cryptzone is a technology innovator of proactive controls to mitigate IT
security risk. Its solutions enable organizations to securely connect,
collaborate and comply within the digital workplace, thereby improving
document security, access control and compliance auditing capabilities.
Specializing in encryption content security and secure access technologies,
Cryptzone designs solutions that are barely visible to users, yet afford
powerful security that protects enterprise information assets, corporate
applications, and other network resources, including Microsoft SharePoint
environments. Headquartered in Sweden, the company has offices in the USA, UK
and mainland Europe, as well as an extensive global partner network. For more
information about the company and its solutions, visitwww.cryptzone.com.
About Medina Capital

Medina Capital is a high-growth equity investment firm focused on IT
infrastructure companies in areas such as cloud computing, cybersecurity, big
data, software-defined security and software-defined networking. The firm's
philosophy emphasizes investing in high-growth companies with established
products or services that will benefit from Medina Capital's strategic
guidance. For more information about Medina Capital, please
visithttp://www.medinacapital.com.
Media Contact

Beverley Stonehouse

Beverley.Stonehouse@cryptzone.com

+44 (0) 7884 263302
---------------------------------------[1]G
artner
Forecast Overview: Information Security, Worldwide, 4Q13 Update
,
Ruggero Contu, Christian Canales, Lawrence Pingree
, March 13, 2014

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cryptzone via Globenewswire

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