Clavister Experiences Strong Growth in 2014

STOCKHOLM, SWEDEN. 2014-12-23, by Nikolas Georgii

Following its IPO, company marks successful year with strong sales performance and entry into new international markets and sectors

Clavister (Nasdaq: CLAV), a leader in high-performance network security, has seen strong growth in 2014 following its successful IPO in May, and the announcement of several new partnerships that have seen it enter new international markets and new market segments.

Clavister’s financial results for August – October 2014, reported sales growth of 53% year on year during the period, compared with third quarter growth of 31%. Gross profit increased in the same period by 70% to 16.4 million SEK.  

The company has announced several partnership agreements, including leading integrator MIRAIT in Japan and itSoft in Croatia.  In December, Clavister announced it is working on a project in Brazil in partnership with the KTH Royal Institute of Technology and Saab, amongst others.  The Brazil ‘Smart Cities’ project will focus on delivering secure wireless networks at 1600 locations, which will be used by 30 million people.

Jim Carlsson, CEO of Clavister said:  “2014 has seen strong international interest in Clavister’s robust, next generation security solutions and our strategic offerings to the telecoms market, to protect advanced LTE mobile networks.  We have also made significant progress in rapidly-emerging sectors such as embedded security, to protect the Internet of Things, and securing the infrastructure of Smart Cities.  We are building on this momentum with several significant new partnerships that will further extend our leadership in the embedded security market across a range of industry sectors.   We look forward to further strong growth in 2015.”

Further business highlights for Clavister during 2014 included amongst others:

  • A breakthrough order for Clavister’s next-generation firewall solutions from a federal authority in Brazil, to secure and load-balance communications between 40 of its regional offices across the country, with the potential for further substantial orders following the initial deployment. 
  • Securing Sweden’s largest outdoor Wi-Fi network for the 2015 World Ski Championships in Falun.
  • Being chosen as one of the contributing partners for Intel’s Internet of Things (IoT) Innovation Centre in Stockholm, one of four that Intel opened in Europe.
  • Joining the Intel Network Builders program (networkbuilders.intel.com), to further grow awareness of its solutions in business-critical datacentre, telco and cloud environments

“Our focus on developing advanced solutions to deliver complete protection against cyberattacks and emerging threats is paying off, and we will continue to extend the reach of our security leadership, both internationally and in new market segments,” said Carlsson.