MCLEAN, Va. and TEL AVIV, Israel, Feb.
19, 2014 /PRNewswire/ -- Commtouch Software Ltd. (NASDAQ:
CTCH), a leading provider of integrated cloud-based security
solutions and software-based security technology, today announced
the completion of its name change from Commtouch Software Ltd. to
CYREN Ltd. On February 9, the Israel
Registrar of Companies approved the new company name.
(Logo:
http://photos.prnewswire.com/prnh/20140120/SF48846LOGO)
The company adopted its new name as part of its transformation
into a leading provider of cloud-based information security
solutions that are specially designed to be deployed or private
labeled by customers and partners alike. On January 30, CYREN announced the release of CYREN
WebSecurity, the company's first service launching through its
robust cloud infrastructure. Delivering the low cost and high
utility of cloud-based applications, CYREN WebSecurity addresses
the explosive growth in the Security as a Service (SecSaaS) market
that is fueled by BYOD trends and an increasingly mobile
workforce.
CYREN will continue to trade under the symbol CTCH
on both NASDAQ and the Tel Aviv Stock Exchange (TASE) until
its new trading symbol is approved, which the company expects will
occur later this month. The new trading symbol for both
financial markets and CUSIP (Committee of Uniform Security
Identification Procedures) number will be announced in a separate
press release.
About CYREN
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.
Blog: blog.cyren.com
Facebook: www.facebook.com/CyrenWeb
LinkedIn: www.linkedin.com/company/cyren
Twitter: twitter.com/CyrenWeb
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.
Company
Contact:
|
Israel Investor
Relations Contact:
|
Brian Briggs, Chief
Financial Officer
|
Iris
Lubitch
|
CYREN
|
EffectiveIR
|
703.760.3444
|
+972.54.252.8007
|
brian.briggs@CYREN.com
|
Iris@EffectiveIR.co.il
|
|
U.S. Investor
Contact:
|
CYREN Media
Contact:
|
Monica
Gould
|
Matthew
Zintel
|
The Blueshirt
Group
|
Zintel Public
Relations
|
212.871.3927
|
281.444.1590
|
monica@blueshirtgroup.com
|
matthew.zintel@zintelpr.com
|
SOURCE CYREN Ltd.; Commtouch Software Ltd.