Clearwater International advises Infinigate Group on issuing an independent fairness opinion

Clearwater International acted as sole financial adviser to the Management on issuing an independent Fairness Opinion of Infinigate Group.

The infinigate AG, based in Rotkreuz, Switzerland, is an international value added distributor focusing on security software. Through its operating companies in Germany, Austria, Switzerland, Norway, Sweden and Denmark, the Group generated sales of approximately €50m in 2006.