Stock Exchange Release
Stonesoft focuses on its core business by selling Embe Systems Oy
STONESOFT CORP. STOCK EXCHANGE RELEASE 19.12.2006 AT 2:40 P.M
Stonesoft Corp. has today signed an agreement to sell all Embe Systems Oy´s shares to Nice-business
Solutions Finland Oy.
With this deal Stonesoft further strengthens its strategy of focusing on integrated network
security and business continuity by providing globally the StoneGate network security platform,
which unifies firewall, VPN, and intrusion detection and prevention.
According to the signed agreement the cash consideration is for a maximum of EUR 4.65
million. The purchase price consists of a fixed purchase price and a variable purchase price, which
is bound to Embe’s annual profit/loss for 2007. The fixed purchase price is EUR 3.63 million, which
will be transferred to the liquid funds of Stonesoft Group at the end of 2006. Stonesoft Group will
book a sales gain of EUR 2.2 million in January 2007. The sales gain is not taxable for Stonesoft
Group. The title and possessor right to the shares will be transferred to the buyer on January 1st,
2007.
Embe Systems Oy is a Finnish company located in Oulu. It provides subcontractor services for
mobile phone / base station research and development. The company employs 73 people. The signed
agreement does not have any impact on their employments. For the fiscal year 2005 the company
reported net sales of EUR 5.8 million and operating profit before extra ordinary items and taxes of
EUR 0.22 million. The corresponding figures for January-September 2006 were EUR 3.9 million and EUR
0.16 million. The above-mentioned profit figures contain the group’s internal charges, which have
an impact on the operating profit/loss of Stonesoft Group. The costs related to these internal
charges will not fully disappear along with the deal.
Further information, please contact:
CEO Ilkka Hiidenheimo, Stonesoft Corp.tel. +358 9 4767 11
e-mail: ilkka.hiidenheimo@stonesoft.com
CFO Mikael Nyberg, Stonesoft Corp.
tel. +358 9 4767 11
e-mail: mikael.nyberg@stonesoft.com
Stonesoft Corp.
Ilkka HiidenheimoCEO
Distribution
Helsinki Stock ExchangeMain media
Tuesday, December 19, 2006
