Clavister downsizes its operations in Umeå

Örnsköldsvik, Sweden, December 17th, 2019. Clavister, a leader in high-performance cybersecurity solutions, today announces that the company is downsizing its operations in Umeå. All 18 employees are affected.

Clavister has for a period of time been focusing on driving growth, and has as such been able to demonstrate a strong increase in order intake over the past three years. During the last year, the company has been reviewing its cost base and has taken several measures to significantly improve the company’s efficiency and operational profit. The downsizing represents a step in the strategic direction and also means that Clavister’s research and development work will be focused to the headquarters in Örnsköldsvik.

For additional information regarding this press release, please contact:

John Vestberg, President and CEO, +46 (0)660-29 92 00 or ir@clavister.com

About Clavister

Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers in more than 150 countries; Communication Service Providers, Governments, Enterprises and Managed security service providers (MSSPs). The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Markets. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: info@fnca.se).

This information is information that Clavister Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:15 CET on December 17, 2019.