Bure Invests in Appgate.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Dec. 13, 2000 Bure Bure can be:
In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7M in the security company, Appgate. This is Bure's first direct investment in the company. Together with its existing indirect holdings, which it owns through CR&T and Innovationskapital, Bure Equity's ownership in Appgate - directly and indirectly - now amounts to 42.5 per cent. In connection with this investment, ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) and GE Equity are also both investing in Appgate, which is receiving a combined capital contribution of SEK 100M. Appgate was originally part of CR&T, a Bure-owned company, in which companies such as Spotfire, Gatespace and Pilotfish also originated. The company currently has some 40 employees in Sweden, the USA and Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. . With this new capital injection, Appgate is now well placed for vigorous expansion, especially in the USA and Great Britain where it has recently enjoyed some significant sales success. Commenting on the investment, Roger Holtback, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bure Equity, said: "Appgate has in a short period of time managed to create a market for a new product in competition with established solution providers. This has been achieved through technological superiority and, not least, through a sound business strategy. For us, Appgate is also a natural fit in our investment strategy. Through Innovationskapital and CR&T we can be involved in the initial development stages. Thereafter we can continue to invest during the companies' expansion phase." Appgate's product is a security program which, in networks, delivers additional protection levels to those which can be provided by a standard firewall. It protects the network against attacks from within and allows the system administrator to define rights of access at a very detailed level. This means that the user only needs access to the information to which he is authorised Adj. 1. authorised - endowed with authority authorized lawful - conformable to or allowed by law; "lawful methods of dissent" legitimate - of marriages and offspring; recognized as lawful . In October 2000, E+T Forlag awarded the Gold Mouse for the best software to Appgate. Gothenburg, 13 December 2000 Bure Equity AB (publ) ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/12/13/20001213BIT00060/bit0001.doc http://www.bit.se/bitonline/2000/12/13/20001213BIT00060/bit0002.pdf |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion