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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  F-Secure Oyj    FSC1V   FI0009801310

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F Secure : Virgin Media, F-Secure Expand Partnership to Personal Cloud Services

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07/30/2014 | 03:58pm CEST

The new Virgin Media Cloud is part of the two companies' greater strategy: Ensure peoples' digital lifestyles are safe and secure at all times.

Helsinki, Finland - July 30, 2014: F-Secure has expanded its partnership with Virgin Media, the UK's leading communications provider, to offer Virgin Media broadband customers a personal cloud service. Customers get an easy, convenient new way to store, share and manage their photos, videos and other content from any device.

Sixty-four per cent of consumers globally say it would be useful to have all their content accessible on all their devices wherever they are. And consumers want peace of mind that the content they store in social networking sites and other online cloud services is securely protected.*

Virgin Media Cloud is powered by F-Secure's safe cloud technology, younited. It allows Virgin Media customers to store and access their photos, videos, music, documents and other files anywhere, across all their computers and devices. They can also easily share their content with family and friends. Security leader F-Secure has built its cloud services for privacy from the ground up, so consumers can be sure their content is safe.

Joe Lathan, Director of Broadband at Virgin Media said: "We want to keep our customers, and their content, safe online so we're giving our broadband customers an easy way to store and share content easily from any device, wherever they are. We worked with F-Secure to develop the new service which automatically backs up users' content in the cloud for complete peace of mind. This is the latest of some great services we're making available to our customers to help them make the most of being online and get great value from their subscriptions."

"Virgin Media customers now have a simple, easy to use solution that serves their content needs," said Allen Scott, Managing Director of F-Secure UK and Ireland. "With most people's photos and videos strewn across their devices and various online services, Virgin Media Cloud offers a great solution. It's an intuitive user experience that just makes sense - everything in the cloud, in one safe place."

The number one security partner for operators worldwide, F-Secure offers safe cloud services through more than 100 operators globally. F-Secure securely stores billions of photos, videos, documents, and other files for millions of end customers. F-Secure's ever-increasing cloud content currently makes up several petabytes of data.

Virgin Media Cloud is available for PC and Mac computers and laptops, and for Android, iOS and Windows Phone 8 smartphones and tablets. Virgin Media broadband subscribers receive 5 GB of free cloud storage space, or up to 50 GB free per household, and paid packages of 50, 100, 250, and 500 GB.

*The F-Secure Digital Lifestyle Survey 2013 covered web interviews of 6,000 broadband subscribers age 20-60 years from 15 countries: Germany, Italy, France, the UK, the Netherlands, Belgium, Sweden, Finland, Poland, the USA, Brazil, Chile Colombia, Australia and Malaysia. The survey was completed by GfK, April 2013.

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.com | twitter.com/fsecure | facebook.com/f-secure

For more information, please contact
F-Secure media relations
Melissa Michael
Tel. +358 45 209 3595

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Financials (€)
Sales 2016 158 M
EBIT 2016 19,0 M
Net income 2016 14,7 M
Finance 2016 34,0 M
Yield 2016 2,67%
P/E ratio 2016 36,44
P/E ratio 2017 28,11
EV / Sales 2016 3,09x
EV / Sales 2017 2,92x
Capitalization 521 M
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Mean consensus HOLD
Number of Analysts 4
Average target price 3,06 €
Spread / Average Target -6,6%
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Samu Konttinen President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Saila Miettinen-Lähde Chief Financial Officer
Jari Still Chief Information Officer
Mika Ståhlberg Chief Technology Officer
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