Press release: SoftScan's 2008 annual accounts shows more than 20 percent growth

Copenhagen, 30 March 2009

SoftScan growth exceeds 20 percent in 2008

Turnover at SoftScan in 2008 grew by 23 percent. 2008 was marked by a targeted focus on investments in the company's core product and employees' competencies, while the company consolidated and adjusted its business to meet the new market situation.

SoftScan, Scandinavia's leading supplier of hosted security solutions for e-mail and web, presents yet another impressive level of growth in turnover, as well as generally good numbers in its 2008 annual accounts.

In 2008, SoftScan carried out a series of investments in new technologies to future-proof the company's core product and to professionalise and develop employees' competencies.

The year's result is satisfactory, especially in light of developments in the financial market. SoftScan primarily spent 2008 investing in further developments of the company's core product, as well as the development of a new CRM system.

"We are very satisfied with the results in our annual accounts, which show that - in spite of the crisis - SoftScan has managed to achieve a growth in turnover. 2008 was not an easy year, but despite this fact, we chose to invest in the company's products and competencies, as these are the things we have to survive on tomorrow. And, of course, this can be seen in the year's results. Maintaining these investments was an entirely conscious strategy, while we must also consolidate and gear the company to the new market situation," says SoftScan CEO Thomas Holm Jensen.

SoftScan prepares for a year under pressure in 2009
SoftScan accounts are prepared on an accruals basis, as a result of which annual accounting results are affected by previous years' income and costs. The growth experienced by SoftScan in 2008 was thus influenced by the previous years' explosive growth - growth that stagnated in the course of 2008. And as the company in 2008 focused on investments and felt the consequences of the troubled market, there were more expenses in 2008 than normal, which will affect the 2009 numbers. Thus, SoftScan's view of the remainder of 2009 is cautious.

"It is uncertain how long the global market will be affected by the economic crisis. Like many other companies, we have had to take measures regarding this uncertain future by consolidating the company and cutting back where possible. These measures will help ensure that we can make it through 2009 with our stability intact," says SoftScan CEO Thomas Holm Jensen.

SoftScan has made additional cutbacks in the first quarter of 2009, which is a part of a stringent focus on costs that is expected to be fully implemented during the first half of 2009.

"We believe that our precautionary measures and business strategy will ensure us stable turnover for the rest of 2009. Market conditions have grown tougher and we have consciously chosen to pursue a strategy of securing a stronger position on the market in the future," says SoftScan CEO Thomas Holm Jensen.

Annual accounts for SoftScan ApS for 1 January - 31 December 2008

SoftScan CEO Thomas Holm Jensen
th@softscan.dk
Tel: (+45) 33 32 37 18

Marketing Manager - Karina Fritze Jensen, SoftScan
kfj@softscan.dk
Tel: (+45) 33 32 37 18

About SoftScan
SoftScan is a leading supplier of security solutions for e-mail and web. SoftScan's solutions protect 7,500 private and public companies daily with a combination of market leading anti-malware scanners and proactive heuristic scanning so that all users can use the internet safely and productively. SoftScan provides central management and an overview of companies' internet traffic without complicated maintenance and updates of the solution. SoftScan was established in 2003 and today has nearly 100 employees. The company's solutions are sold in Denmark, Sweden, Norway, England and Germany and are used in more than 100 countries.

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