Ssh Communications Security Oyj · OMXHEX:SSH1V

Ssh Communications Security Oyj — Merger or Acquisition (October 2003)

9 slides from Ssh Communications Security Oyj's merger presentation, Oct 14, 2003

  1. Slide 1: The Sale of SSH's OEM Business to SafeNet

    The Sale of SSH’s OEM Business to SafeNet October 14, 2003 Arto Vainio CEO SSH Communications Security Corp. COPYRIGHT © 2003 SSH COMMUNICATIONS SECURITY CORP. ALL RIGHTS RESERVED. www.ssh.com 1

  2. Slide 2: Agenda

    Agenda ƒ What is this transaction all about? ƒ Why is SSH doing this transaction? ƒ What is going to happen next? ƒ Q&A COPYRIGHT © 2003 SSH COMMUNICATIONS SECURITY CORP. ALL RIGHTS RESERVED. www.ssh.com 2

  3. Slide 3: What Is This Transaction All About? (1/2)

    What Is This Transaction All About? (1/2) ƒ SSH and SafeNet have signed an agreement concerning the sale of assets of SSH's OEM Products group and VPN hardware businesses (“OEM Business”) to SafeNet ƒ The purchase price is about USD 14 million ƒ The transaction is expected to be completed by mid Nov

  4. Slide 4: What Is This Transaction All About? (2/2)

    What Is This Transaction All About? (2/2) ƒ SafeNet will continue the further development, sales and marketing of these products as part of their existing OEM product portfolio ƒ As part of these businesses SafeNet will get the existing customers of these products and approximately 25 SSH employees

  5. Slide 5: Why Is SSH Doing This Transaction? (1/3)

    Why Is SSH Doing This Transaction? (1/3) ƒ Strategy process in 2002 confirmed that considering its Goal size, SSH was doing too many Leader in things selected segments Î We decided to focus on large Strengthening position enterprises, financial institutions Expanding business and government agencies

  6. Slide 6: Why Is SSH Doing This Transaction? (2/3)

    Why Is SSH Doing This Transaction? (2/3) ƒ SSH’s core competence is security software, SafeNet’s is crypto chips. With this deal SafeNet improves its software expertise and complements its existing OEM product portfolio ƒ In SafeNet, SSH’s OEM products will get a good new home and required attention

  7. Slide 7: Why Is SSH Doing This Transaction? (3/3)

    Why Is SSH Doing This Transaction? (3/3) ƒ Even though OEM business is a good and profitable business for us… ƒ SSH is the world’s leading provider of IPSec and Secure Shell Toolkits ƒ Many of the best known telecommunication equipment manufacturers are using our Toolkits ƒ …integrating this with Sa

  8. Slide 8: What Is Going to Happen Next?

    What Is Going to Happen Next? ƒ Existing OEM customers are contacted and their agreements will be transferred to SafeNet ƒ When this and some other legal procedures have been finished, the transaction is Closed ƒ The Closing is expected to happen by mid November 2003 ƒ Due to this transaction SSH's

  9. Slide 9: Further Information:

    Further Information: Arto Vainio, CEO +358 20 500 7400 Johanna Lamminen, CFO +358 20 500 7419 Kare Laukkanen, Director, IR +358 20 500 7433 THANK YOU! COPYRIGHT © 2003 SSH COMMUNICATIONS SECURITY CORP. ALL RIGHTS RESERVED. www.ssh.com 9

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