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SSH Communications Security Posts Strong Growth and Profitability in 2013

Companies mentioned in this article: SSH Communications Security

HELSINKI, Finland and WALTHAM, Mass., Feb. 19, 2014 /PRNewswire/ -- SSH Communications Security, known the world over as the inventor of the ubiquitous secure shell and SFTP protocols, today announced that its growth, profitability and thought leadership contributed to strong momentum throughout 2013 and into 2014.

NEWS FACTS:

    --  Expanded key remediation and deployment services agreement with a top
        five global bank.
    --  Signed CryptoAuditor licensing agreements with one of Europe's largest
        cloud and IT services providers, as well as with a leading international
        securities depository organization based in Europe.
    --  An exchange provider based in Germany selected Universal SSH Key Manager
        to control access to its Secure Shell environment.
    --  The company was profitable for the second consecutive year, even with
        heavy investment into market creation, research and development.
    --  Grew head count by 41 percent year-on-year in anticipation of the next
        phase of expansion.
    --  Strong market opportunities for Secure Shell management solutions speak
        to the critical need for key-based access control and auditing encrypted
        traffic in large IT environments.

SUPPORTING QUOTE:
Tatu Ylonen, CEO and founder of SSH Communications Security, said:
"Cyber-security solutions from trusted sources are in high need. Our deep expertise in encryption, key management, authentication and distributed systems has opened major new growth opportunities in government, financial and enterprise markets. We anticipate driving our current pace of success throughout 2014 and beyond."

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 solutions. 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 shares (SSH1V) are quoted on the NASDAQ OMX Helsinki.

For more information on SSH Communications Security please visit http://www.ssh.com


    Corporate Contact:          Media Contact:

    Jason Thompson              Peggy Tierney Galvin

    SSH Communications Security Nadel Phelan, Inc.

    +1-206-617-7701             +1-831-440-2405

    Jason.Thompson@ssh.com      Peggy.Galvin@nadelphelan.com

SOURCE SSH Communications Security