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BalaBit IT Security signs cooperation agreement with Finnish peer

Hungarian-owned IT company BalaBit IT Security and Finnish communications industry supplier SSH Communications Security have signed a cooperation agreement on software development, BalaBit announced.

BalaBit will supply the technology under the agreement, while SSH will bring its decades of experience as well as its circle of clients to the deal.

The agreement is expected to boost BalaBit's revenue by 20%.

BalaBit, started ten years ago as a sole proprietorship, now employs 70 staff and has annual revenue of more than HUF 600 million. (MTI – Econews)