Tumbleweed Implements Expansion Strategy Through New Partnerships in APAC
March 27 2008 - 8:00AM
Business Wire
Tumbleweed� Communications Corp. (NASDAQ:TMWD), an industry leader
in managed file transfer and email security, today announced that
it is expanding its presence and expertise in the APAC region with
the addition of several new partners in three markets � Australia,
India and Malaysia. In light of the growing number of data breaches
and email security risks, demand for managed file transfer and
email security products has increased significantly over the past
year. To meet the jump in demand for secure infrastructure
environments, Tumbleweed continues to expand its Tumbleweed
Alliance Program (TAP). Tumbleweed gained four new partners in
India in Q4 2007 (NetEdge Computing Solutions, Nortech Infonet,
SoftCell Technologies, and Texport Technologies), and one new
partner in Australia (Sigma 5). In addition, two Malaysia partners
� ACW Distribution and Avnet Azure � have renewed their
partnerships with Tumbleweed. �With messaging and information
security threats constantly on the rise and evolving at a rapid
pace, organizations are looking to invest in the execution and
upgrade of their security systems. To meet the demand, Tumbleweed
is focused on expanding our partner network across the APAC
region,� said Stree Naidu, Regional Vice President, APAC,
Tumbleweed. �We are pleased with our growing partner network across
Australia, India and Malaysia, and are confident that our combined
efforts will sustain our position as one of the leading providers
of holistic secure messaging solutions across the region.� Further
highlighting its stature as a leading player in the content
security space, Tumbleweed is positioned in the Leaders Quadrant of
the newly released Gartner �Magic Quadrant for Email Encryption,
2007� (Eric Ouellet and Arabella Hallawell, 8 November 2007). The
Gartner Magic Quadrant for Email Encryption analyzes encryption
products that secure email content data and attachments. Gartner
defines email encryption �leaders� as vendors who are performing
well today, have a clear vision of market direction, and are
actively building competencies to sustain their leadership position
in the market. According to the Gartner Report: � � � One growth
trend in the email encryption market has been through data loss
prevention (DLP) projects. Companies that invested in DLP initially
monitored traffic for policy violations or to understand how their
businesses used sensitive data. However, as soon as companies turn
to an enforcement mode, email encryption becomes an important
mechanism for allowing the transit of sensitive data. �We believe
our position in the leaders quadrant is a clear recognition of our
content security expertise, with encryption serving as its
foundation across multiple products, including the emerging managed
file transfer space,� said information security luminary Taher
Elgamal, CTO of Tumbleweed Communications. Elgamal is widely
regarded as a �founding father� of Internet security and the
inventor of ubiquitous SSL encryption. �Our product roadmap further
extends our commitment to developing strong encryption technology
and will enable us to deploy it in new areas to keep customer data
secure while driving encryption innovation forward.� About the
Magic Quadrant The Magic Quadrant is copyrighted November 8, 2007
by Gartner, Inc. and is reused with permission. The Magic Quadrant
is a graphical representation of a marketplace at and for a
specific time period. It depicts Gartner's analysis of how certain
vendors measure against criteria for that marketplace, as defined
by Gartner. Gartner does not endorse any vendor, product or service
depicted in the Magic Quadrant, and does not advise technology
users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool,
and is not meant to be a specific guide to action. Gartner
disclaims all warranties, express or implied, with respect to this
research, including any warranties of merchantability or fitness
for a particular purpose. SAFE HARBOR STATEMENT Tumbleweed cautions
that forward-looking statements contained in this press release are
based on current plans and expectations as of the date of this
press release, and that a number of factors could cause the actual
results to differ materially from the guidance given at this time.
These factors are described in the Safe Harbor statement below.
Except for the historical information contained herein, the matters
discussed in this press release may constitute forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those projected,
particularly with respect to the expansion and retention of
partners in the Tumbleweed Alliance Program, Tumbleweed�s market
position and placement in the Leaders Quadrant of the Gartner Magic
Quadrant for Email Encryption, and Tumbleweed�s future development
and deployment of strong encryption technology. In some cases,
forward-looking statements can be identified by terminology such as
�may," �will," �should," �potential," �continue," �expects,"
�anticipates," �intends," �plans," �believes," �estimates," and
similar expressions. For further cautions about the risks of
investing in Tumbleweed, we refer you to the documents Tumbleweed
files from time to time with the Securities and Exchange
Commission, particularly Tumbleweed's Form 10-K filed March 17,
2008. Tumbleweed assumes no obligation to update information
contained in this press release. Although this release may remain
available on Tumbleweed�s website or elsewhere, its continued
availability does not indicate that Tumbleweed is reaffirming or
confirming any of the information contained herein. About
Tumbleweed Communications Corp. Tumbleweed Communications Corp.
(NASDAQ:TMWD), an industry leader in managed file transfer and
content security, provides enterprise-class solutions to
organizations of all sizes. Tumbleweed�s innovative products enable
organizations to effectively manage and protect business-critical
Internet communications, with capabilities that span secure file
transfer, encryption, data loss prevention, and email security.
Tumbleweed has more than 3,200 customers worldwide, including
blue-chip companies across an array of industries such as
Technology, Retail, Finance, Healthcare, Manufacturing, Consumer
Packaged Goods, Telecom, Energy, and the U.S. Government. The
world�s most security conscious organizations rely upon Tumbleweed
technology including Bank of America Securities, JP Morgan Chase
& Co., the U.S. Food and Drug Administration, and the U.S.
Department of Defense. Our award-winning products build on 15 years
of R&D and 27 security patents in the U.S. alone � many of
which are licensed by other security vendors. More information can
be found at www.tumbleweed.com.
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