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2010-03-26 12:00:00 CET 2010-03-26 12:01:42 CET REGLERAD INFORMATION Stonesoft - Company AnnouncementSTONESOFT EXPANDS OPERATIONS TO KINGDOM OF SAUDI ARABIAStonesoftCorporation Stock Exchange Release March 26, 2010 at 1.00 pm STONESOFT EXPANDS OPERATIONS TO KINGDOM OF SAUDI ARABIA Stonesoft has signed partnership agreements with four (4) Saudi-Arabian system integrators and will establish a representative office in Riyadh, Kingdom of Saudi Arabia during spring 2010. The local partners have a strong focus on ICT and especially network security and they have an established customer base consisting ofcompanies and organizations operating in the verticals that are important to Stonesoft; government, finance, telecom operators, oil and gas industry."Stonesoft has been continuously investing and expanding its operations on the Emerging Markets, so the Kingdom of Saudi Arabia is a natural step in our strategy. Saudi Arabia has a lot of natural resources and is currently in a dynamic development phase for TCP/IP usage. The local organizations are expanding their IT investments to meet the growing demands on their networks. Security threats are increasing and enterprises must be able to secure uninterrupted operations of their networks under all circumstances. Stonesoft has the ability and competence to fulfill customer needs also in large and critical service offerings. I believe we have good conditions for success on the Saudi Arabian market", said Ilkka Hiidenheimo, CEO of Stonesoft Corporation. Expanding its operations on the Saudi Arabian market supports Stonesoft in achieving its targets for the year 2010. StonesoftCorporation Ilkka Hiidenheimo CEO For further information: Ilkka Hiidenheimo,CEO, Stonesoft Corporation Tel. 358 9 476 711 E-mail: ilkka.hiidenheimo@stonesoft.com Distribution: NASDAQ OMX Helsinki Ltd Main media www.stonesoft.com [HUG#1398184] |
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