-- CYREN WebSecurity uses powerful cloud infrastructure to arm service providers and software vendors with immediate turnkey revenue opportunities
MCLEAN, Virginia, Jan. 30, 2014 /PRNewswire/ -- CYREN, previously operating as Commtouch® (NASDAQ: CTCH), today announced commercial availability of CYREN WebSecurity, the company's first service launching through its robust cloud infrastructure. Service providers and software vendors can now partner with CYREN to immediately begin offering their end users secure browsing from any device, anywhere.
The cloud-based Secure Web Gateway as a Service market represents an opportunity to serve businesses currently exposed to potentially crippling Internet security risks. Delivering the low cost and high utility of cloud-based applications, CYREN WebSecurity is ideally suited to address explosive growth in the Security as a Service (SecSaaS) markets that are fueled by BYOD trends, an increasingly mobile workforce, and the management and accessibility of information assets beyond the boundaries of traditionally secured network perimeters.
CYREN WebSecurity is built for this new way of working, enabling CYREN partners to quickly capture the fast-growing market opportunity by offering a total solution for roaming users, smartphones and tablets, including BYOD. It leverages the company's GlobalView™ Cloud infrastructure, its patented Recurrent Pattern Detection™ technology, and the most robust transaction base in the industry to deliver a unique cloud-based Secure Web Gateway service. Easy to set up and manage, it provides an intuitive customer experience that delivers on the SaaS promise of doing more for less.
"We are excited to see the emergence of state-of-the-art cloud based protection for mobile and roaming users," said Tom O'Brien, CEO of MXSweep, a leading European provider of cloud-based security services and CYREN design partner. "CYREN WebSecurity will help MXSweep deliver the easy to consume and best of breed cloud based security that our customers expect."
"Arming partners with the ability to rapidly deploy new security services throughout any ecosystem, CYREN WebSecurity opens up significant new revenue streams," said Brett Wilson, vice president of products at CYREN. "CYREN WebSecurity provides our partners with the speed, accuracy and real-time insight that their end customers demand without the unnecessary burdens of additional capital expense and expert human resources. We see CYREN's robust cloud infrastructure as a true catalyst for growth – and today's launch of CYREN Web Security is the latest step in harnessing its full capabilities."
For more information on CYREN WebSecurity, visit www.CYREN.com/web.
CYREN provides the world's largest service providers and software vendors with the Internet security solutions they need to protect billions of people and transactions. Designed specifically to be easily deployed or private labeled by partners, CYREN's Web, Email and Anti-Malware products provide relentless protection on any device. CYREN's proactive analytics and cloud-based malware detection capabilities equip its partners with security solutions that stand out as clear differentiators in the ever-evolving industry. Visit CYREN's GlobalView Security Center or go to www.CYREN.com.
Commtouch Software Ltd will continue to trade as CTCH on the NASDAQ exchange and the Tel Aviv Stock Exchange (TASE) pending shareholder approval of the new name CYREN Ltd. The name and ticker symbol for both financial markets are scheduled to change in February 2014 and will be announced in a separate press release.
This press release contains forward-looking statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense, and statements including words such as "expect," "plan," "estimate," "anticipate," or "believe" are forward-looking statements. These statements are based on information available to us at the time of the press release; we assume no obligation to update any of them. The statements in this press release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including business conditions and growth or deterioration in the internet security market, technological developments, products offered by competitors, availability of qualified staff, and technological difficulties and resource constraints encountered in developing new products, as well as those risks described in the company's Annual Reports on Form 20-F and reports on Form 6-K, which are available through www.sec.gov.
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