F-Secure is probably best known for its security products that it makes available for desktop and mobile operating systems.
While that is the company's main business, it started to offer other services in recent years including the virtual prvivate network service F-Secure Freedome and the password manager F-Secure Key.
F-Secure Younited, a cloud hosting service, was launched in 2013 publicly when several companies launched cloud-based products.
While not directly related to security, F-Secure advertised it as the world's most secure cloud storage.The company published desktop programs for Mac and Windows, and mobile apps for Andorid, iOs and Windows Phone.
Free accounts came with 5 Gigabyte of space and options to upgrade storage were provided as well.
The deal, valued at $60 Million USD in cash, includes a partnership agreement to sell personal cloud and security services to mobile carriers and operators around the world.
F-Secure revealed additional information about the sale on the company forum. According to the post, all data stored in European data centers will remain in those data centers. In other words, user data won't be moved to the US or another location in the world.
F-Secure did reveal as well why it made the decision to sell Younited. According to the press release, the company wants to focus its efforts on security products and services.
Younited users who want to cancel their accounts can do so by sending an email to F-Secure.
According to the company, it will take a couple of business days before the account is removed permanently from the servers. It advises users to download the data before the request is made as it cannot be recovered afterwards anymore.
We will update the article with additional information once they become available and impact the service or its operation in a major way. (via Caschy)
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Ghacks is a technology news blog that was founded in 2005 by Martin Brinkmann. It has since then become one of the most popular tech news sites on the Internet with five authors and regular contributions from freelance writers.