Employee negotiations related to reorganization of operations of F-Secure concluded

November 8, 2010 at 10.00 am 

Employee negotiations related to reorganization of operations of F-Secure
concluded 

F-Secure started re-organization of its operations in October to drive growth
in the Software as a Service business. F-Secure's objective is to further
emphasize and increase activities in the operator channel to take advantage of
the market opportunity for value added services. F-Secure seeks to streamline
its organization to a functional structure and to eliminate overlapping roles.
The objective is to drive growth, speed and innovation. 

The employee negotiations to plan the organizational changes, initiated in
Finland on October 4, 2010, have been concluded. As a result of the
negotiations, the company's personnel will be reduced by a maximum of 59
employees, of which 34 in Finland. The reductions will be implemented in
November. The new organization structure shall be effective as of January 2011. 

Previously the management estimated that the employee negotiations may lead to
reduction of 80 employees, of which 50 in Finland. The scope of the employee
negotiations covered all employee groups and functions in F-Secure. 

F-Secure has published its guidance for the fourth quarter of 2010 on October
27. The guidance given for Q4 2010 is the following: revenues 32-35m and costs
around 27m, and in addition restructuring related costs up to 3 million. 

F-Secure Corporation
Kimmo Alkio, President and CEO
      
Additional information
F-Secure Corporation 
Kimmo Alkio, President and CEO
tel. +358 9 2520 0700

Taneli Virtanen, CFO
tel. +358 9 2520 5655