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Jotta buys Storegate

PRESS RELEASE:

Jotta acquires Storegate with the aim of building a leading Nordic cloud services group

Jotta is a Nordic cloud service provider with a strategy to build a prominent cloud service provider and has, in addition to the acquisition of Storegate AB, previously acquired Filemail, a Norwegian file sharing company.

- Demand for Storegate's Swedish cloud services is very high and we are growing in both the SME and Enterprise markets," says Matz Karlsson, CEO of Storegate AB. But our ambition is to grow even faster, both in terms of service breadth and geographical markets. We have therefore been looking for a strategic partner for Storegate for some time. A partner who can contribute to continued expansion on several levels and who can stand behind Storegate's offering and compliance with GDPR within the EEA (European Economic Area). This partner has now been found and today a deal was completed where Jotta AS acquires 100% of the shares in Storegate AB.

- Storegate fits very well into our build and we are very impressed with what the company has achieved so far, says Roland Rabben, CEO of Jottacloud. Storegate AB will continue to operate as a separate company as usual and the strategy with Storegate's Swedish cloud services is fixed. The only change is that a new board of directors will be appointed and I will take over as chairman of the board, concludes Roland Rabben.

- With Jotta, we get an owner who is committed to becoming a cloud provider to be reckoned with in the future. We are very proud to be part of this investment. But above all, we are happy to be able to continue our work to secure Swedish companies' data at a faster pace and with even greater credibility as a supplier," concludes Matz Karlsson.

After the deal, Storegate AB will be part of a group with over 1.8 million users and a total turnover of SEK 100 million. Together the companies have 60 employees.

For more information, please contact:
Matz Karlsson, CEO, Storegate AB, matz.karlsson@storegate.com

Roland Rabben, Chairman of the Board Storegate AB, +47 908 58 539, roland@jottacloud.no

ABOUT STOREGATE AB

Storegate AB believes that the need for confidentiality and privacy will grow in the future. We are therefore driven to meet and exceed future needs and security requirements in data storage. The storage systems are located in Sweden and regulated under Swedish law. This makes it significantly easier for Swedish companies when it comes to GDPR and the new US CLOUD Act. Storegate was founded in 2003 and is owned by Jotta AS.

ABOUT JOTTA AS

Jotta Group is a European provider of cloud storage and managed file transfer software solutions founded in 2008 and based in Norway. Jottacloud is the group's cloud storage Software as a Service ("SaaS") solution for private customers and businesses. In addition, Jotta Group offers a cloud storage Platform as a Service ("PaaS") solution for selected blue-chip partners, enabling them to offer cloud storage services under their own brand to their customers. Filemail is the group's managed file transfer SaaS solution for private customers and businesses. In total Jotta Group has over 1.8 million subscriptions.