Commtouch Signs Eleven New Licensing Agreements in the First Quarter of 2007
April 04 2007 - 8:00AM
Business Wire
Commtouch� (Nasdaq:CTCH) announced today that the Company has
signed 11 new licensing agreements during the first quarter of
2007. �It has been a remarkable quarter in terms of new deals
signed, and we are pleased to see our business progressing
according to plan,� commented Gideon Mantel, Commtouch�s chief
executive officer and chairman of the board. �Eleven successful
wins in one quarter are a strong testament to the superiority of
our Recurrent Pattern Detection� technology.� The companies that
signed with Commtouch are based in North America, Europe and Asia,
and include: Network security providers; Managed service providers;
and Messaging Security providers. The number of companies licensing
Commtouch technology reached 66 at the close of the first quarter
of 2007, taking into account two older deals that were
discontinued. �We expect that several of these new licensing
partners will open up new markets for Commtouch, leading the way to
increased market share overall,� Mantel said. �Many of these
licensing partners will be launching our solution integrated into
their products in the post-summer period, so we anticipate seeing
the main revenue impact in the fourth quarter of 2007 and into
2008.� Commtouch typically announces specific deals when the
integrated product is being launched, assuming prior agreement of
the licensing partner. However, Commtouch does not individually
announce every licensing agreement, due to a number of
considerations including confidentiality agreements. About
Commtouch Commtouch Software Ltd. (Nasdaq:CTCH) is dedicated to
protecting and preserving the integrity of the world's most
important communications tool -- email. Commtouch has over 16 years
of experience developing messaging software and is a global
developer and provider of proprietary anti-spam, Zero-Hour virus
protection and IP Reputation solutions. Using core technologies
including RPD� (Recurrent Pattern Detection), the Commtouch
Detection Center analyzes billions of email messages per month to
identify new spam and malware outbreaks within minutes of their
introduction into the Internet. Integrated by more than 60 OEM
partners, Commtouch technology protects thousands of organizations,
with over 50 million users in over 100 countries. Commtouch is
headquartered in Netanya, Israel, and has a subsidiary in
Sunnyvale, CA. For more information, see: www.commtouch.com,
including the Commtouch online lab detailing spam statistics and
charts. This press release contains forward-looking statements,
including projections about Commtouch 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 release; we assume no obligation to update
any of them. The statements in this 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
market, commerce and the general economy, both domestic as well as
international; fewer than expected new-partner relationships;
competitive factors, including pricing pressures; technological
developments, and products offered by competitors; the ability of
our OEM partners to successfully penetrate markets with products
integrated with Commtouch technology; a slower than expected
acceptance rate for our newer product offerings; availability of
qualified staff for expansion; and technological difficulties and
resource constraints encountered in developing new products, as
well as those risks described in the text of this press release and
the company's Annual Reports on Form 20-F and reports on Form 6-K,
which are available through www.sec.gov. Recurrent Pattern
Detection, RPD and Zero-Hour are trademarks, and Commtouch is a
registered trademark, of Commtouch Software Ltd. U.S. Patent No.
6,330,590 is owned by Commtouch.
CYREN (NASDAQ:CYRN)
Historical Stock Chart
From Jun 2024 to Jul 2024
CYREN (NASDAQ:CYRN)
Historical Stock Chart
From Jul 2023 to Jul 2024