F-Secure Oyj - Company Announcement

F-Secure Corporation completes the sale of its Personal Cloud Business Operations to Synchronoss

F-Secure Corporation, stock exchange release, 25 February 2015, 9:15 (EET)

F-Secure, a global leader in online security and privacy, has completed the
previously announced transaction of selling its personal cloud business to
Synchronoss Technologies, Inc. (NASDAQ: SNCR). The companies have also agreed
on certain intellectual property and patent rights. 

The value of the transaction is USD 60 million in cash. The transaction's
overall impact on F-Secure's operating profit due to discontinued operations is
estimated to be close to EUR 20 million positive with the current exchange
rate. The sale was announced on February 4, 2015. 

Sold personal cloud business consists of F-Secure's younited, a cloud storage
service for consumers and companies to securely store and share photos, movies,
documents and other files. The transferred service will continue uninterrupted,
and both companies have agreed upon a transition plan for customers and
partners. 


Additional information:

Christian Fredrikson, President and CEO, tel. +358 9 2520 0700
Taneli Virtanen, CFO, tel. +358 9 2520 5655