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direct/ Clavister and Amaranten sign a LOI agreement for merger

08-30-2006 02:34 PM CET | IT, New Media & Software

Press release from: Clavister

Örnsköldsvik, Sweden, 30.08.2006 - Clavister AB and Amaranten Asia network Co, Ltd Board of Directors signed a LOI for merger. The purpose is to leverage the combined strengths of both companies to better serve the growing carrier and enterprise customers´ dynamic requirements worldwide. Clavister-Amaranten will combine geographical market strength in Asia and Europe, broaden the global distribution network and offer innovative carrier-class expertise in security gateway technology.

"We are very pleased with this strategic agreement aiming at further expanding and strengthening our worldwide market position"; says Peter Johansson, CEO of Clavister. "With this agreement, we will be in a position to bring together the competencies of both companies as well as their know-how and resources and make use of synergies to cope with the growing market demands. Building on this cooperation, we shall in a first step increasingly advance business activities in China."

Clavister-Amaranten is Scandinavia´s leading privately held security gateway company. Clavister-Amaranten is going to offer the world´s first commercially available Unlicensed Mobile Access (UMA) carrier-class security technology, industry-leading GAN security solution and more scalable and effective security gateway solutions for large enterprises, education, government and Communication Service Providers.

Clavister was founded 1997 in Sweden. R&D and headquarters are situated in Örnsköldsvik, Sweden and its solutions are marketed and sold through sales offices, distributors and resellers in Europe and Asia. Clavister also offers its technology to OEM manufacturers. Clavister is a leading developer of high-performance IT/IP security. The products, based on unique technology, include carrier-class firewalls and VPN solutions. They have been awarded preferred choice by international press and are in use today by thousands of satisfied customers. In short, in a world where people depend on information, Clavister provides complete security solutions more cost-efficiently than any other competitor.

Amaranten has a strategic alliance since 2001 with Clavister AB. Amaranten and Clavister security products and solutions will be marketed, sold, and supported through sales offices, distributors and resellers in Europe, Greater China, Asia Pacific and the rest of the world. Amaranten and its technologically strategic alliance partner, Clavister AB Sweden, have been recognized and awarded by International Trade Journals, and its security solutions are commercially deployed by thousands of satisfied global customers.

Wang Ke, General Manager of Amaranten, comments: "We are convinced that this strategic agreement has been settled at the right time and will be pivotal for the future success of both companies."

For more information, please contact:

Clavister
Sandra Good
sandra.good@clavister.com
Phone: +46 (0)8 545 298 00
http://www.clavister.com


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