First tranche of €20m European Investment Bank loan drawn today
February 5th, 2018, Örnsköldsvik, Sweden - Clavister, a leader in high-performance network security solutions, drew its first tranche of funding from the European Investment Bank (“EIB”) today under the finance contract dated December 18, 2017 (see related press release of the Summon to the EGM and the Press Conference and EIB signing ceremony). The total sum drawn today is €10m, out of the total €20m loan made available to Clavister AB; the remaining two tranches amounts to up to €5m each. The use of proceeds of the loan is to support Clavister’s growth ambitions, investing in further product development and innovation and significantly expanding the company’s sales and marketing presence.
For more information, please contact:
Håkan Mattisson, CFO Clavister Group
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.