MCLEAN, Va., May 13, 2014
/PRNewswire/ -- CYREN (NASDAQ: CYRN), a leading provider of
cloud-based security solutions, today announced it signed a
national distribution agreement with NexTek, an IT services and
solutions company based in Mumbai,
India. The partnership creates a significant CYREN presence
in the country.
NexTek will distribute the cloud-based CYREN WebSecurity and
CYREN EmailSecurity solutions alongside Allied Digital Services
Limited, a key system integrator. Under the multi-year agreement,
more than 30 NexTek reseller partners are expected to offer CYREN
solutions. To assist in servicing the NexTek partnership, CYREN is
scheduled to open its first data center in India before the end of Q3 2014.
The NexTek partnership follows a string of recent international
distributor and reseller agreements for CYREN WebSecurity. Since
its launch in January, CYREN WebSecurity is now offered by partners
in more than 13 countries.
"We see the 'CYREN Secured' label as a great value
proposition for our cloud initiative," said Mayank Shah, CEO at NexTek. "In the security
arena, we believe CYREN WebSecurity and CYREN EmailSecurity will
deliver differentiated value for our reseller partners as well as
their existing and new customers."
"CYREN views India as a major
growth opportunity," said Lior
Samuelson, CEO and Chairman of the Board at CYREN. "We look
forward to working closely with NexTek, as our partnership is a
significant step in introducing CYREN Security as a Service
(SecaaS) offerings to the Indian market. Designed to stand as a
powerful business enabler, CYREN WebSecurity can help resellers
quickly gain market share by meeting the demand for SecaaS
solutions without diverting resources from core competencies."
About NexTek
NexTek is an IT services and solutions
company that partners with leading global technology vendors to
make IT a key enabler of positive change in the organization by
providing end-to-end IT solutions for customers across domains and
geographies. NexTek's competence in IT infrastructure and
technology allows it to address customers' diverse needs, including
onsite and remote infrastructure management, networking, security
and unified communications and collaboration solutions. Visit
www.nextek.co.in.
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.
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.
CYREN APAC Contact
Sylvain Lejeune
Vice President,
Asia Pacific & Japan
+65 9272 5277
sylvain.lejeune@cyren.com
U.S. Investor
Contact
Monica
Gould
The Blueshirt
Group
+1 212 871
3927
monica@blueshirtgroup.com
Israel Investor Contact
Iris
Lubitch
EffectiveIR
+972 54 2528007
iris@EffectiveIR.co.il
Media Contact
Matthew
Zintel
Zintel Public Relations
+1 281 444
1590
matthew.zintel@zintelpr.com
SOURCE CYREN