Tectia Oyj - Tender offer

TECTIA ACQUIRES MOBILE AUTHENTICATION & SIGNING BUSINESS

Helsinki, Finland, 2010-12-15 08:05 CET (GLOBE NEWSWIRE) -- TECTIA CORPORATION STOCK EXCHANGE RELEASE December 15, 2010 AT 09:05 A.M.

TECTIA ACQUIRES MOBILE AUTHENTICATION & SIGNING BUSINESS

Tectia Corporation, formerly SSH Communications Security Corp. (HEL: TEC1V),
the market maker in real-time security software for modern, networked
organizations, announced the acquisition of a mobile authentication business
from Siltanet Corporation. 

Operators, financial institutions, governmental organizations and enterprises
are facing an increased need for strong mobile user authentication. The
acquired business involves mobile authentication and signing solution that
provides enterprises and software and cloud service providers the fastest
enablement of strong authentication of users combining enterprise class
scalability with ease of deployment and use. This solution is branded as Tectia
MobileID. 

Tectia MobileID server supports the widest set of authentication methods in the
market in a single server or service, providing cost efficient and strong
authentication to Web e-Mail, SSL-VPN, MS SharePoint, Tectia Secure Solutions
and other key company applications and resources. Tectia MobileID two-factor
authentication methods include a mobile phone or other compatible device,
e-mail, token or on-the-fly generated one-time-password list. 

Purchase price includes Tectia Corporation directed share issue to the seller
Siltanet Corporation (647,059 new Tectia Corporation shares about 2.1% of total
shares). In addition to this Tectia Corporation pays Siltanet Oy 50,000 euros
in cash and transfers liability of Siltanet Oy TEKES capital loan worth 107,304
euros to Tectia Corporation. Siltanet Oy also has a right to an additional
purchase price of 100,000 new Tectia Corporation shares provided that certain
business growth conditions have been realized in the future. 

As a part of the acquisition and Siltanet Corporation has subscribed all the
shares. A notification about the share capital increase has been filed in the
Trade Register. Once registered Tectia Corporation's share capital will be
916,446.24 euros and the total number of shares 30,548,208. 

Tectia Corporation

Tectia Corporation, (formerly SSH Communications Security Corp.) is the market
maker in real-time security software solutions for modern, networked
organizations. We create an invaluable Circle of Trust for our customers and
their stakeholders by securing, automating, managing and sharing confidential
information with Tectia solutions in fixed, mobile, and cloud environments. 

We enable and enhance business for thousands of customers in multiple
industries in the private and public sectors around the world. We operate in
the Americas, Europe, and APAC regions, with headquarters located in Helsinki,
Finland. The company was established in 1995, and holds 14 patents. Its shares
are quoted on the NASDAQ OMX Helsinki. More information is available at
www.tectia.com 

TECTIA CORPORATION

Board of Directors

Jari Mielonen
CEO

For further information, please contact:
Jari Mielonen, CEO, tel. +358 20 500 7000
Mikko Karvinen, CFO, tel. +358 20 500 7000

Distribution:
NASDAQ OMX Helsinki
Major media
www.tectia.com

Jari Mielonen, CEO, tel. +358 20 500 7000
Mikko Karvinen, CFO, tel. +358 20 500 7000