SSH Communications Security Oyj - Company Announcement

SSH COMMUNICATIONS SECURITY OYJ ENDS EMPLOYEE CONSULTATION PROCESS

Helsinki, Finland, 2016-12-05 15:02 CET (GLOBE NEWSWIRE) -- 

SSH Communications Security Oyj has finished employer/employee consultation
process that was began on 9.11.2016 to reorganize its operations and find cost
savings. 

SSH will refocus its operations around its core strategy and focuses its sales
activities. SSH will reorganize its R&D efforts to better correspond to its
customers’ accelerating digital and cloud transformation. 

SSH will focus its sales and marketing activities in Asia to Hong Kong and will
dissolve the subsidiaries in Singapore and Japan. In Europe, SSH will
concentrate its direct sales activities to Northern and Central Europe. 

As a result of the process, SSH will reduce its headcount by 17 people in
Finland and by 8 people abroad totaling 25 globally. The initially estimated
maximum need for personnel reductions was 37 people. 


Helsinki, 5.12.2016


SSH COMMUNICATIONS SECURITY OYJ

Tatu Ylönen
CEO


Further information:
Jussi Mononen, COO, tel: +358 45 615 4855

Distribution:
NASDAQ OMX Helsinki Oy
Major media
www.ssh.com



About SSH Communications Security:

SSH Communications Security is a leading provider of enterprise cybersecurity
solutions that monitor, control, and automate trusted access to critical data.
The company’s long track record of innovation includes Secure Shell (SSH) - one
of the world’s most widely used network security protocols. Customers worldwide
trust our flagship Universal SSH Key Manager® and other solutions to manage
access, while greatly reducing costs and compliance risks. The Company sells
direct through offices in North America, Europe and Asia and through a global
network of certified partners. The company’s shares (SSH1V) are quoted on the
NASDAQ OMX Helsinki. For more information, visit www.ssh.com.