SSH Communications Security Signs a License and Development Agreement for Universal SSH Key Manager

2014-11-07

HELSINKI and WALTHAM, Mass., Oct. 29, 2014 – SSH Communications Security has signed a contract with a managed services provider to develop and enhance SSH Universal Key Manager and related services. Value of the contract is USD 5.0 million. The contract will include a license for the Universal SSH Key Manager as well as a significant amount of development customization and professional services which will support the future efforts of providing SSH Universal Key Manager as a part of an integrated offering.

SSH expects to recognize the revenue between Q4 2014 and Q3 2015. Majority of the contract is attributable to services. The deal is investment oriented by nature.

About SSH Communications Security

SSH Communications Security is the market leader in developing advanced security solutions that enable, monitor and manage encrypted networks. Over 3,000 customers across the globe trust the company’s encryption, access control and encrypted channel monitoring solutions to meet complex compliance requirements, improve their security posture and save on operational costs. SSH Communications Security is headquartered in Helsinki and has offices in the Americas, Europe and Asia. The company’s shares (SSH1V) are quoted on the NASDAQ OMX Helsinki.

For more information on SSH Communications Security, please visit www.ssh.com.