Ssh Communications Security (SSH) Has Received The First Significant Order Relating To The Contract For The Delivery Of Encryption Products And Services
27 June 2022 - 4:30PM
UK Regulatory
TIDMSSH1V
SSH Communications Security (SSH) has received the first
significant order relating to the contract for the delivery of
encryption products and services
The order announced today is worth EUR 2.1 million and will be
recognized over a three-year period. SSH delivers the solution as a
subscription. The order consists of cryptographic products,
product-related maintenance, and support services. This order
relates to the major multi-year contract for the delivery of
cryptographic products and services signed and announced in
December 2020. If fully exercised, the total value of the agreement
is approximately EUR 20 million.
A reliable and trusted supplier of encryption products
SSH's solution for the transmission of classified information
has received TL III-level security certification (equal to EU/NATO
CONFIDENTIAL) in May 2022
https://www.globenewswire.com/Tracker?data=ucTU3Opy0YQ7VlngQJ9c6E_D_q6IY4WU-UvJL5nlfip3I5HsLKqGmBz7Gcfk8Zb84IjqhRraUlTPUHNNQvPBK81g5yUcrHnl_wON0s5OJR5bP7A4CmwJLV6ozeXTtEVUeaLNfE_TJ02F25hYn3FXRedsOXacooOxd6cOBzHtuWA=
. The certification enables the solution to be used to secure
transportation of critical data.
"This is a significant order for SSH, and it grows our
subscription-based revenue in major customers. The order is a
recognition of our futureproof solutions, and it significantly
strengthens our position as a strategic partner for large customers
for defensive cybersecurity solutions delivered as a service", says
Dr. Teemu Tunkelo, CEO of SSH.
SSH COMMUNICATIONS SECURITY OYJ
Teemu Tunkelo
CEO
For further information, please contact:
Teemu Tunkelo, CEO, tel. +358 40 5499605 / teemu.tunkelo@ssh.com
https://www.globenewswire.com/Tracker?data=mL1LwimbFgnfe_XTcvYNSeU-2jvo3vS4C5KZLdE9cxUQq0mbUfmX8y1QqSgGraAu9-9wkvYpp13iveXpfb9BEx6y0r6FyH6nqLFR67khiHA=
Niklas Nordström, CFO, tel. +358 50 5410543 /
niklas.nordstrom@ssh.com
https://www.globenewswire.com/Tracker?data=o5LXP878qtISbY7Qn5o8-i5Fx4ZeIkBFYoZwoUGjviIddiLLRG6yOKi5s-QCNIQ7XUNSflyQQReOpeW1YG17__vJcAA4xVD0tnGedGjFtZ4=
Distribution:
Nasdaq Helsinki Oy
Major media
www.ssh.com
About SSH
SSH helps organizations safeguard their mission-critical digital
assets at rest, in transit, and in use. We have 5,000+ customers
worldwide, including 40 percent of Fortune 500 companies, and major
organizations in Finance, Government, Retail, and Industrial
segment. We are committed to helping our customers secure their
business in the age of hybrid cloud and distributed IT and OT
solutions. Our Zero Trust solutions offer safe electronic
communications, secure access to servers and between servers. Our
teams in North America, Europe, Asia along with a global network of
certified partners ensure customer success. The company's shares
(SSH1V) are listed on Nasdaq Helsinki. www.ssh.com.
(END) Dow Jones Newswires
June 27, 2022 02:30 ET (06:30 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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