Cybercom Group: Cybercom Receives a Strategic Order in the US for Mobile Services

Regulatory News:

Cybercom (STO:CYBE) signed a contract with an international company in the US for development and test of mobile services. The project will be undertaken by Cybercom's operations in the Nordics, and in Romania. Cybercom opens a sales office in Silicon Valley, California, to be close to many customers that are world leaders in internet and mobile services.

Cybercom will develop cutting-edge functions for mobile services for the customer, an international company. The assignment is done according to Cybercom’s global sourcing business model – development is located in the Nordic operations and testing in the Romanian operations. The agreement will involve about 20 consultants to start with.

"This is a groundbreaking deal for Cybercom. I was in the US last week and spent time with the customer. They’re very attracted to our technical expertise in mobile services and our business model for global sourcing," says Patrik Boman, president and CEO of Cybercom. "This deal shows that our strategy to offer global delivery capacity hits the nail on the head.”

Cybercom is establishing a sales office in Silicon Valley, California, to be close to many customers that are world leaders in internet and mobile services.

"Cybercom’s strategy is to follow our customers in their strategic expansion around the world,” says Timo Luoto, director mobile Internet Cybercom Plenware "We’ve discussed a cooperation with the customer’s US operation for a long time. This has been strongly desired from their side, and we already see that our decision to be there is good for business.”

"In Silicon Valley, unlimited investments are made in technical development with a real force for innovation,” says Per Blysa, business manager mobile services, Cybercom Sweden South. "Our presence allows us to tender in procurements for the most advanced, cutting-edge technical solutions for mobile services. It’s incredibly thrilling and stimulating.”

About Cybercom

The Cybercom Group is a high-tech consultancy that offers global sourcing for end-to-end solutions. The Group established itself as a world-class supplier in these segments: telecom management, security, portal solutions, mobile services, and embedded systems. Thanks to its extensive industry and operations experience, Cybercom can offer strategic and technological expertise to these markets: telecom, industry, media, public sector, retail, and banking and financial services. The Group employs 2000 persons and runs projects worldwide. Cybercom has 25 offices in 11 countries. Since 1999, Cybercom’s share has been quoted on the Nasdaq OMX Nordic Exchange. The company was launched in 1995. Find out more at: www.cybercom.com.

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