F-Secure grows steadily and profitably
F-Secure continues its successful growth strategy as the total revenue of the second quarter rose by 35% to a record 19.8 million euro. The operating profit increased by 88% to 2.8 million euro.
The company is the clear global leader in offering the Security as a Service concept through Internet Service Providers. F-Secure has a 36% share of the European broadband ISP market and a 25% share of the European and North American markets combined. The core strength of the company lies in the Service Platforms, a solution that beats the competition in offering the operators an easy way to sell data security services to their customers. These unique Service Platforms have enabled the fast growth in the number of new partnerships as well as increased the satisfaction levels of current partners to new heights. F-Secure has launched itself heavily into the Asian markets and started partnerships in India with the largest ISP Reliance Communication as well as with Exattnet and in Taiwan with Gamania.
F-Secure has created an innovative new consumer channel by publishing a cooperation agreement with Barclays Bank in England. The company offers a virus protection solution to Barclays? two million online banking customers.
There are more than 300 mobile malware threats targeting the open operating system, and the company believes the number to grow steadily. This emphasizes the need for an up-to-date security solution for mobile multimedia devices. The sales of F-Secure Mobile Anti-Virus increased during the quarter signaling increased end user awareness of security threats. The close partnership between F-Secure and Nokia continues and F-Secure Mobile Anti-Virus is now available for the new S60 3rd edition devices.