CYRN CYREN Ltd

MCLEAN, Va., May 8, 2014 /PRNewswire/ -- CYREN (NASDAQ: CYRN), a leading provider of cloud-based security solutions, today announced it signed a distribution agreement with TTAsia, a leading online messaging reputation and security services provider headquartered in Hong Kong. TTAsia will incorporate the cloud-based CYREN WebSecurity service and CYREN Embedded Anti-Virus technology into its Sentry Email Defense Service (EDS) offered throughout China.

"Having served as a CYREN partner since 2009, we have remained consistently impressed with its anti-spam technologies formerly offered under the Commtouch name," said Naresh Choithramani, COO at TTAsia. "Noting continued customer satisfaction and the proven power of CYREN technology, we are pleased to now incorporate CYREN WebSecurity and antivirus technologies into Sentry EDS, as it will help further springboard our growth as a Security as a Service (SecaaS) provider."

"CYREN WebSecurity continues to grow its presence throughout the APAC region, providing one of the fastest routes to expanding an organization's SecaaS capabilities," said Lior Samuelson, CEO and Chairman of the Board at CYREN. "We are pleased to name TTAsia as one of CYREN's latest APAC partners to incorporate CYREN's cloud-based security solution into its portfolio of offerings."

CYREN was named the recipient of two Stevie® Awards in the first annual Asia-Pacific Stevie Awards, the newest of the Stevie Awards programs, which are widely considered to be the world's premier business awards. The cloud-based CYREN WebSecurity solution was named the winner of a Silver Stevie® Award for "New Technology Product of the Year." Additionally, CYREN received a Bronze Stevie Award for "Technology Company of the Year."

For more information on TTAsia's Sentry EDS, visit www.sentry-eds.com. 

About CYREN WebSecurity
CYREN WebSecurity is a cloud-based Security as a Service (SecaaS) solution specifically designed for today's evolving business model. It provides powerful web security on any device, anywhere. CYREN offers white labeled versions to distributors, resellers and software vendors, allowing them to serve organizations 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 SecaaS market that is fueled by BYOD trends, an increasingly mobile workforce, and the management of information assets beyond the boundaries of traditionally secured network perimeters. Visit www.CYREN.com/web.

About TTAsia
Telecommunications and Technology Asia Ltd (TTAsia) is a leading online messaging reputation and security services provider. It provides anti-spam and antivirus functions to enterprises via its suite of robust managed services.  TTAsia's team of industry-leading messaging security experts regularly process millions of emails, giving them an unrivaled real-time view of global messaging abuse activity. This ongoing stream of intelligence ensures its protection is among the most up-to-date and accurate on the market. Majority shareholder Shun Hing Group was established in 1953 and is a leading Hong Kong conglomerate with over 1,600 employees and operations in engineering, technology and consumer electronics. Visit www.ttasia.com.

About CYREN
CYREN is a leading provider of cloud-based security solutions that deliver powerful protection through global data intelligence. Regardless of the device or its location, CYREN's easily deployed web, email, and anti-malware products deliver uncompromising protection in both embedded and Security as a Service (SecaaS) deployments. Organizations rely on CYREN's cloud-based threat detection and proactive security analytics to provide up-to-date spam classifications, URL categorization and malware detection services. The CYREN GlobalView™ Cloud Platform leverages Recurrent Pattern Detection™ technologies to protect more than 550 million users in 190 countries. CYREN is traded on the NASDAQ Capital Market and the Tel Aviv Stock Exchange (TASE) under the trading symbol "CYRN." Visit the CYREN GlobalView Security Center or go to www.CYREN.com.

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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.  

SOURCE CYREN