STOCKHOLM, Sweden, Feb. 7, 2003 (PRIMEZONE) -- ProAct IT Group (Other OTC:PRGRF) (Stockholm:PACT):
Today the board of directors in ProAct Defcom AB has filed for bankruptcy at Sollentuna Tingsratt.
ProAct IT Group AB (publ) purchased the assets from former Defcom Sweden AB, with business in Managed Intrusion Detection, in March 2002. The intention with the purchase of the company, which has been operating under the name ProAct Defcom AB, was to increase ProActs business within security and other services that Defcom has specialized in.
Unfortunately the hard-working employees and the investments that ProAct has made have not given any improvements to the company's result. No industrial solution has been identified why the decision has been made to file for bankruptcy.
ProAct Defcoms running business has, during 2002, charged about -8 MSEK to the EBITA result of the group, this was included in the information from December 2002. The bankruptcy affects approximately 20 people in Stockholm.
For information from ProAct IT Group AB please contact:
CEO, Per-Arne Lundberg Tel +46 8 410 666 00 per-arne.lundberg@proact.se
ProAct is a specialist and independent integrator with know-how, methods and products in the field of data warehousing and infrastructure for securing mission-critical information. The company, which is active in Denmark, Finland, Norway, Switzerland and Sweden, focuses on large and medium-sized companies and organisations in need of secure and efficient handling of mission-critical information. Business is conducted in 15 cities in the Nordic region and in Switzerland with a staff of 340. ProAct IT Group AB is listed on the O-list of the Stockholm Stock Exchange.
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