STONESOFT'S UPDATED STRATEGY: AIMING AT RAPID GROWTH IN 2013-2014
(Thomson Reuters ONE via COMTEX) --
Stonesoft Corporation Stock Exchange Release November 12, 2012 at 11.59 a.m.
STONESOFT's UPDATED STRATEGY: AIMING AT RAPID GROWTH IN 2013-2014
Stonesoft's Board of Directors and Executive Management have updated the company's strategy and goals. The company's updated strategy for the years 2013-2014 is based on rapid growth in the rapidly growing security market. Stonesoft's growth strategy is divided into cyber security-, customer-, product-, channel-, and marketing strategies, each of which supports growth.
Stonesoft is committed to profitable and faster-than-market growth and growing the company's value.
"Stonesoft has a clear goal: rapid growth faster than the market development. We are the best in demanding network security, protection against advanced network attacks and in the ability to meet customer needs", says Ilkka Hiidenheimo, CEO at Stonesoft. "We want to maintain our position as the most innovative network security company in the world."
Vision and mission
Stonesoft's vision is "The Best Protection For Cyber Security". With cyber security we mean security of the digital world, where a sense of trust prevails and the ability, acquired through practical means, to proactively manage and tolerate cyber threats and their effects. In cyber security, the best protection means that Stonesoft protects the key operations of the society under all circumstances. Stonesoft challenges traditional security understanding and demands flexible and resilient security solutions that meet the needs of the rapidly developing and increasingly complex cyber world. According to its vision, the company acts as a change agent in cyber security, providing the best possible protection.
Stonesoft's mission is "To Protect and Save Lives and Businesses in Cyber Space". The company's mission strengthens protecting the digitalizing world as an entity. Protecting infrastructure, automation, and manufacturing systems critical for companies, organizations and the whole society against cyberattacks ultimately protects human lives and have an impact on survival. Such functions that are crucial for the whole society are, for example, protecting heating, water and electricity networks, which are provided by nations, municipalities, companies and organizations.
Cyber security, customers, solutions, channel and marketing
Cyber security: Stonesoft participates in developing cyber security and on the levels of companies' business environment, societies' key infrastructure and national security. Stonesoft emphasizes knowledge and understanding as well as concrete actions to achieve a cybersecure society. The world of cyber security needs constructive discussion, expertise and visionary thinking which creates new innovations. Stonesoft takes responsibility and has taken a leap towards strategic cyber security thinking. The company continues to develop future cyber security solutions.
Customers: Stonesoft's solutions meet the demands of organizations requiring highest level of security, e.g. military, public administration, distributed industrial operations and R&D organizations, telecom operators, media, finance and banking. These customers are at the forefront in investing in the next generation network security solution, as an innovator of which Stonesoft is a leading vendor in the world. The key demands of these customers are business continuity, optimizing operational expenditure, safe business application enablement, situational awareness and resilience, securing distributed organizations, protecting the brand and other valuable assets as well as regulatory compliance.
Solutions: Stonesoft's products protect networks against external threats, enable efficient centralized management of even large network security systems, create secured and reliable connections between offices and partners and improve the fault-tolerance of the network.
Stonesoft's competitive advantages in the demanding customer segment are research-based anti-evasion solutions, an efficient centralized management system and high availability solutions. Stonesoft's strengths include also advanced technical implementation, which allows fast dynamic reactions as the threat scenario changes.
Stonesoft focuses in one flexible and modular product platform, Security Engine, which can be tailored to various network protection tasks. Also OEM partnerships are being sought for the Security Engine.
Channel: Stonesoft facilitates the cooperation with the global channel by improving both partner quality and focus.
Marketing: Stonesoft focuses on customer orientation and strengthening its thought leadership position especially in strategic cyber security and advanced evasion techniques.
"These targets require from Stonesoft the effort to continuous improvement of operations and products as well as learning. Our competent and committed personnel makes this possible. We are globally looking for professionals in the areas we need who will commit to the growth of the operations of our company", says Ilkka Hiidenheimo, CEO of Stonesoft.
Ilkka Hiidenheimo, CEO, Stonesoft Corporation will introduce the company's updated strategy at the Capital Markets Day event 14 November 2012.
For more information about the event, please see the stock exchange release issued by the company on 24 October 2012: http://www.stonesoft.com/en/press_and_media/releases/en/2012/24102012.html.
Chief Executive Officer
For further information, please contact:
Ilkka Hiidenheimo; CEO, Stonesoft Corporation
Tel.+358 9 4767 11
NASDAQ OMX Helsinki Ltd
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Source: Stonesoft Oyj via Thomson Reuters ONE
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