2008-08-21 Press release: Diino signs agreement with MXI Security


Novestra’s portfolio company Diino and MXI Security, the leader in superior managed portable security solutions, today announced that they have signed an agreement to offer their customers a unique combination of strong authentication and ease-of-use for protecting access to data stored online into the Diino desktop.

“MXI Security’s mission is to provide companies and governments with state-of-the-art security solutions to protect portable data and applications for any computing environment. We believe that biometric multifactor authentication sets the security bar high against identity theft or data loss while preserving ease-of-use for end-users. Our partnership with Diino is an important step toward making sure our customers can benefit from greater mobility without compromising their digital security.” says Lawrence Reusing, CEO of MXI Security.

“With the combination of the MXI Security’s solutions, Diino will create a product that is extremely appealing to customers that demand high security and flexibility when handling information. If MXI’s customers respond positively to the new application, and we believe they will, it would be a very interesting new business area for Diino.” says Marcus Söderblom, Chairman, Diino AB.

Diino (www.diino.com) has developed a patented technology that enables an easy and secure online storage with the ability to store, share, manage and access digital information on the Internet.

MXI Security is the leader in superior managed portable security solutions, where the power of strong user authentication, digital identity and data encryption is combined to protect access to sensitive information and systems. MXI Security is a division of Memory Experts International, Inc.

Novestra’s ownership in Diino AB amounts to approximately 49 percent.

For further information please contact Marcus Söderblom, Chairman in Diino AB and vice President in AB Novestra, telephone no. +46 8 545 01750.

About AB Novestra
Novestra is an independent investment company with a portfolio of investments in a number of privately held growth companies including Diino AB, Explorica, Inc., MyPublisher, Inc., Netsurvey AB, Qbranch AB and Strax Holdings, Inc.

The Novestra shares are listed on the OMX Nordic Exchange Stockholm, under the symbol NOVE, in the Small Cap section. For further information regarding AB Novestra, reference is made to www.novestra.com

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