Stonesoft Oyj :STONESOFT SEGREGATES PART OF ITS SERVICE BUSINESS TO ITS SUBSIDIARY
(Thomson Reuters ONE) -
Stonesoft Corporation Stock Exchange Release December 20, 2012 at 10:55 a.m.
STONESOFT SEGREGATES PART OF ITS SERVICE BUSINESS TO ITS SUBSIDIARY
Stonesoft segregates its post sales technical support by selling it to its newly
founded, fully owned subsidiary Stonesoft Global Support Ltd. The new company
will from now on perform the technical support services offered to Stonesoft's
customers as a subcontractor. The contracts between Stonesoft and its customers
remain unchanged. The support service business personnel will be transferred to
the new company as old employees. The incorporation will not affect current
customers' service level or contractual relations. In the long run the
transaction enables a more flexible development of post sales technical support.
Based on Stonesoft's understanding, it is likely that along with the
geographical expansion the need to offer services in other languages than
English will grow, which is likely to result in e.g. establishing additional
service sites. This transaction supports the company's growth strategy.
The internal transaction, the price of which has been set to MEUR 18.5, will be
effective on December 31st, 2012. The price is based on external valuation of
the fair price of the technical support business. The purchase price will remain
as debt of Stonesoft Global Support Ltd to Stonesoft Corporation. The company
has received an advance ruling from the Finnish tax authorities related to the
tax handling of the case.
Stonesoft Corporation
Ilkka Hiidenheimo
Chief Executive Officer
For further information, please contact:
CFO Mikael Nyberg, Stonesoft Corporation
Tel.+358 9 4767 11
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
[HUG#1666576]
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2012 - 09:55 Uhr
Sprache: Deutsch
News-ID 214673
Anzahl Zeichen: 2480
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 174 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Stonesoft Oyj :STONESOFT SEGREGATES PART OF ITS SERVICE BUSINESS TO ITS SUBSIDIARY"
steht unter der journalistisch-redaktionellen Verantwortung von
Stonesoft Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
