Tectia Oyj - Company Announcement

TECTIA ESTABLISHES TWO STRATEGIC BUSINESS UNITS

Helsinki, Finland, 2011-02-02 08:10 CET (GLOBE NEWSWIRE) -- TECTIA CORPORATION
STOCK EXCHANGE RELEASE February 2, 2011 AT 9:10 A.M. 

TECTIA ESTABLISHES TWO STRATEGIC BUSINESS UNITS

Tectia Corporation, formerly SSH Communications Security Corp. (HEL: TEC1V),
the market maker in real-time security software for modern, networked
organizations, announced the establishment of two strategic business units,
Managed Security Business and Mobile Authentication Business. 

The Managed Security business is serving global F1000 companies with their
managed security challenges in cross-platform environment by being the first
and only managed security vendor for SSH related technologies. The sales
strategy is based on channel sales model through System Integrators, Value
Added Resellers and regionally certified channel partners with the support of
Tectia's regional sales and support centers of excellence located in the
Americas, EMEA and APAC. Jari Mielonen, President and CEO, will act as the head
of the business unit. 

The Mobile Authentication business is based on acquired Mobile authentication
technologies and it is serving global enterprises, SMEs and operators with the
fastest and most reliable, enterprise level mobile authentication software. The
sales strategy is based on channel sales model with System Integrators, Value
Added Resellers, OEM vendors and regional distributors. The sales focus in the
first phase will be in Europe. Samuli Siltanen, the inventor of recently
acquired mobile authentication technologies, will act as the head of the
business unit. 

The extraordinary cost related to the change in company structure are estimated
to be EUR -0.5 million and the estimated annual savings target is EUR 1.5
million. 


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


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 15 patents. Its shares
are quoted on the NASDAQ OMX Helsinki.