Clavister Secures $9.2M Funding

Successful private placement of SEK 60 million will enable Clavister to expand its global operations, in preparation for listing on Nasdaq OMX First North in Q2 2014

Clavister, a leader in high-performance, high-availability network security based in Sweden, has secured SEK 60 million ($9.2m) in a private placement.  The placement will help the company to develop its market presence and growing international customer base, and to capitalize on strong interest in Clavister solutions from integrators and strategic vendor partners.

“This private placement will help us to capitalise on interest from strategic partners in embedded IP security solutions, in turn growing market awareness of the need for next-generation security solutions and accelerating our sales.  We will use the investment to support further growth for Clavister worldwide, to address new solution areas and expanded market areas for our products, and provide extra resources to our channel and strategic partners through 2014.

”To become listed on Nasdaq OMX First North is a natural step in our development.  It will give us the opportunity to broaden our shareholder base, attract new owner categories and increases the awareness of our business,” said John Vestberg, CEO Clavister Holding AB

Clavister recently joined the Intel Network Builders program (networkbuilders.intel.com), to further grow awareness of its solutions in business-critical datacentre, telco and cloud environments and to consolidate the company’s position as a leading provider of carrier-grade security and SDN solutions. Earlier global industry analyst Frost & Sullivan gave Clavister its ‘Product Quality Leadership Award’ for the performance, design and simplicity of its NGFW solutions.