CYRN CYREN Ltd

MCLEAN, Va., July 29, 2014 /PRNewswire/ -- CYREN (NASDAQ: CYRN) today announced an expansion of its partnership with Tokyo-based imatrix corp. imatrix will now offer the cloud-based CYREN WebSecurity service to its channel partners, telecom service providers as well as enterprises throughout the Japanese market.

CYREN WebSecurity enables imatrix to quickly capture the explosive growth in the Security as a Service (SecaaS) market that is fueled by BYOD trends, an increasingly mobile workforce, and the management and accessibility of information assets beyond the boundaries of traditionally secured network perimeters.

"The unique cloud-based service from CYREN WebSecurity offers us an opportunity to grow our business through both direct and indirect sales," said Mits Kojima, President and CEO at imatrix. "As we look to address the ever-growing web security concerns surrounding BYOD policies and other key drivers, we are pleased to expand our partnership with CYREN to bring proven data intelligence capabilities and time-tested security expertise to the Japanese marketplace."

"Leveraging our CYREN GlobalView™ Cloud infrastructure and patented Recurrent Pattern Detection™ technology, CYREN WebSecurity delivers a powerful secure Web gateway service that stands as a pathway to significant growth for CYREN distribution partners," said Lior Samuelson, CEO and Chairman of the Board at CYREN. "We're pleased that such a well-respected security and messaging services provider such as imatrix would select CYREN to help capture the SecaaS market in their region."

For more information on CYREN WebSecurity, visit www.cyren.com/web.

For more information on imatrix, visit www.imatrix.co.jp.

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.

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SOURCE CYREN