SSH COMMUNICATIONS SECURITY SIGNS A LICENCE AND DEVELOPMENT AGREEMENT FOR UNIVERSAL SSH KEY MANAGER

Helsinki, Finland, 2014-11-07 14:00 CET (GLOBE NEWSWIRE) -- SSH COMMUNICATIONS SECURITY CORPORATION COMPANY ANNOUNCEMENT NOVEMBER 7TH, 2014 AT 3.00PM

SSH COMMUNICATIONS SECURITY SIGNS A LICENCE AND DEVELOPMENT AGREEMENT FOR UNIVERSAL SSH KEY MANAGER

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.


Helsinki, November 7, 2014

SSH COMMUNICATIONS SECURITY CORPORATION

Harri Koponen Chief Executive Officer

Distribution: NASDAQ OMX Helsinki Oy Major media www.ssh.com

Further information: Harri Koponen, CEO, +358 20 500 7000 Jyrki Lalla, CFO, +358 45 340 4641

About SSH Communications Security Founded in 1995, SSH Communications Security is the company that invented the SSH protocol - the gold standard protocol for data-in-transit security. Today, over 3,000 customers across the globe - including seven of the Fortune 10 - trust our Information Assurance Platform to secure the path to their information assets. We enable and enhance business for thousands of customers in multiple industries in the private and public sectors around the world. A fast-growing company, SSH Communications Security operates in the Americas, Europe, and APAC regions, with headquarters located in Helsinki, Finland. The company’s shares (SSH1V) are quoted on the NASDAQ OMX Helsinki.