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
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.