04 March 2015

F-Secure Sells Younited Personal Cloud to Synchronoss; Redoubles Security Focus

As part of the agreement the companies will cooperate to jointly sell best-of-breed personal cloud and security services to operators.

Helsinki, Finland - February 4, 2015: F-Secure has agreed to sell its personal cloud business, younited, to Synchronoss, a leader in cloud services and software-based activation serving communications service providers across the globe. The value of the transaction is USD 60 million in cash. The deal will allow F-Secure, in an age of ever-increasing cyberattacks, to refocus its efforts on its core business of cloud-based security and privacy.

As part of the agreement, F-Secure and Synchronoss will partner to sell best-of-breed personal cloud and security services to mobile carriers and fixed line operators. Synchronoss will be able to integrate and sell F-Secure security products as part of its personal cloud offering, giving F-Secure the opportunity to sell its security and privacy products to even more leading operators around the globe. F-Secure and Synchronoss together serve close to 100% of the world's largest operators in both North and South America as well as in Europe and Asia Pacific. The two companies' combined addressable consumer market exceeds 3.5 billion subscribers.

F-Secure's younited provides cloud services for consumers and companies to securely store and share photos, videos, documents and other digital content online. "Our personal cloud service has been successful and is a fascinating area. But as the world experiences more and more sophisticated cyberattacks, and as we become more connected through the Internet of Things, we see a real need to redouble our efforts in security," says Christian Fredrikson, President and CEO of F-Secure. "Freedome, our one-button security and privacy app, is our fastest-growing consumer product and we're excited about launching more such innovations to secure people's lives and businesses with cutting-edge cloud-based technology."

The closing of the acquisition agreement with Synchronoss is expected to happen by the end of February 2015.

F-Secure - Switch on freedom

F-Secure is an online security and privacy company from Finland. We offer millions of people around the globe the power to surf invisibly and store and share stuff, safe from online threats. We are here to fight for digital freedom. Join the movement and switch on freedom.

Founded in 1988, F-Secure is listed on NASDAQ OMX Helsinki Ltd.

F-Secure media relations

Ulla Toivanen

Tel. +358407520688

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