Clavister signs term sheets for financing

Recently signed term sheets create possibilities for growth financing for the company.

Clavister, a leader in high-performance network security solutions, today announced that it has now agreed upon and signed two independent, but complementary, term sheets for financing, the receipt of which was stated in its Q2 report.

These term sheets were offered as a consequence of continued positive development with key commercial partners, as previously reported. Funds are being made available, subject to final due diligence, early Q4 and early Q1 2018, respectively.

Clavister is committed to driving its global growth strategy through increased market share and a continuous focus on customer satisfaction. It believes that these financing solutions are key components in executing that strategy. 

For more information, please contact:
John Vestberg, President and CEO
john.vestberg@clavister.com

About Clavister

Clavister is a leading security provider for fixed, mobile and virtual network environments. Its award-winning solutions give enterprises, local and federal governments, cloud service providers and telecoms operators the highest levels of protection against current and new threats, and unmatched reliability.  The company was founded in Sweden in 1997, with its solutions available globally through its network of channel partners.  Clavister is a member of Intel’s Network Builders program (networkbuilders.intel.com), a cross-industry initiative.

Clavisters Certified Advisor is Remium. Clavister is traded at NASDAQ OMX Stockholm and has 5,966 shareholders.

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About Us

Clavister is a network security vendor delivering a full range of network security solutions for both physical and virtualized environments. Our network security solutions are used by a wide range of organizations throughout the world, including mobile and network security solutions for large enterprises, cloud service providers and telecom operators. Our product portfolio demonstrates world-class performance, flexibility and robustness. We continue to innovate and pioneer new and exciting areas in network security. Our Clavister product line is available both as hardware and virtual appliances. Each appliance series offers the same award-winning Clavister functionality and gives you the ultimate choice in selecting the right network security solution for your needs. This is a direct result of our constant drive to bring out innovative network security features and products to the market. Founded in 1997, Clavister has a proven track record of providing innovative solutions and leading edge security design.

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