Stockholm, Sweden (PressExposure) September 08, 2008 -- Saab has been active in the civil security market for some time, and increases its focus on the area. The investment in PortWise is a step towards building a product portfolio within the information security sector. Saab will integrate the PortWise product suite as a proprietary and integrated offer within Saab's civil security offer. After the transaction Saab will have an 18.75 % ownership in PortWise.
"PortWise will be granted access to a fast growing market segment with high security and performance demands", says HÃ¥kan RosÃ©n, head of products and acquisitions at Saab Security
"Through this deal, PortWise will gain access to a strong long-term industrial partner who can contribute with knowledge both commercially and technically", says Mikael Jacobsson, CEO of PortWise. "Saab gets access to an important technology and a knowledge that is a key component in its civil security thrust."
Saab, through Saab Ventures, and PortWise CEO Mikael Jacobsson will together with the largest existing shareholders, Scope, Verdane and DFJ Esprit, provide significant expansion capital to PortWise. Saab Ventures is a venture capital unit within Saab, which invests in small and medium size enterprises (SMEs) that contribute to Saabs future strategic plan.
For further information, please contact:
HÃ¥kan RosÃ©n, Saab Security, +46 (0)734 181 660 Fredrik Rosenqvist, Saab Ventures, +46 (0)734 185 485 Mikael Jacobsson, PortWise, +46 (0)706-475 810