Tectia Oyj - Changes board/management/auditors

TECTIA CHANGES CEO - TATU YLÖNEN THE NEW CEO OF TECTIA CORPORATION

Helsinki, Finland, 2011-09-26 09:10 CEST (GLOBE NEWSWIRE) -- TECTIA CORPORATION
STOCK EXCHANGE RELEASE                          SEPTEMBER 26, 2011 AT 10:10 A.M 



TECTIA CHANGES CEO - TATU YLÖNEN THE NEW CEO OF TECTIA CORPORATION



Tectia's board has nominated Tatu Ylönen, LicSc (Tech) (43) as the new CEO from
September 26, 2011 on.  Ylönen continues acting as member of board of
directors. Ylönen owns 45.45% of Tectia Corporation's share capital. 

Tatu Ylönen is long term entrepreneur and establisher of several companies such
as SSH (currently Tectia). Tatu Ylönen has developed over 20 international
patents related to modern telecom and internet security standards, and he
invented the secure shell (SSH) protocol which  has become a pervasive in
network data security, used for example in real-time payment transactions. 

“Tectia's board is pleased to see Tatu Ylönen return to operative
accountability. Tatu Ylönen's invincible technical knowledge combined with
customer-oriented approach increases Tectia's competitive edge acting as the
data security guard for large enterprises and government agencies. We are
convinced that his skills in strategic management, staff motivation and
leadership will increase Tectia's cash flow through this development phase of
the company,” says Juho Lipsanen, chairman of board. 

“Tectia focuses on serving large corporations' data technology infrastructure
while the boarders of corporations' networks are diffused due to virtualization
of services. The company provides technically high-quality solutions to the
world's most demanding customers. My task is to combine the technological
knowledge and new innovations to marketing,” says Tatu Ylönen. 

The board has nominated Mikko Karvinen, CFO, MSc (Econ), as the deputy CEO and
CFO from September 26, 2011 on. Karvinen will be responsible for the whole
administration and investor relations. 

The current CEO, Jari Mielonen, resigns from Tectia. Jari Mielonen is entitles
to a severance pay according to his contract. “We thank Jari Mielonen who has
enlargened Tectia's strategy to mobile security and has taken the first steps
towards cloud services and guided the company's distribution strategy into
channel model. Tectia's old core business has become solid and the investments
are targeted to growth areas,“ says Juho Lipsanen, chairman of the board of
directors. 



Helsinki, September 26th 2011

TECTIA CORPORATION

Board of Directors



For further information, please contact:
Juho Lipsanen, Chairman. tel. +358 20 500 7000
Tatu Ylönen, CEO. tel. +358 20 500 7000
Mikko Karvinen, Deputy CEO. Tel +358 50 326 4101



Distribution:
NASDAQ OMX Helsinki Ltd.
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www.tectia.com