MCLEAN, Va., May 1, 2014 /PRNewswire/ -- CYREN (NASDAQ: CYRN), a leading provider of cloud-based security solutions, today announced that a new distribution partnership with VCW Security, a leading UK distributor of IT security products and solutions. Under the agreement, VCW Security will offer the CYREN WebSecurity service via their network of resellers.
Together, the two companies plan to address the needs of businesses 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 Security as a Service (SecaaS) markets that are driven by an increasingly mobile workforce, BYOD trends, and low cost, high utility cloud-based applications and storage.
"CYREN WebSecurity allows us to provide a fully-featured, competitive web SecaaS with an easily deployed, yet powerful web security solution that is based on proven cloud technology," said Simon Jackson, Commercial Director at VCW Security. "We see CYREN's new cloud-based security services as a fantastic opportunity for us and are confident that a partnership with CYREN is the best path for us to address the growing SecaaS market."
"CYREN WebSecurity continues to gain fast-paced momentum across the globe, and we are pleased to name VCW Security as a partner to offer this innovative, cloud-based solution in the UK," said Lior Samuelson, CEO and Chairman of the Board at CYREN. "VCW Security's network of resellers throughout the UK can use CYREN WebSecurity as one of the fastest pathways to entering the SecaaS market - and do so with the proven power of the CYREN GlobalView Cloud Platform behind them."
About VCW Security Ltd
We are specialists in the distribution and marketing of IT security products, distributing a variety of solutions and services to end-user companies via the reseller channel. Our vendors deliver a range of features, including Unified Threat Management, email & network security, secure remote access, multi-factor authentication, centralized management, virtual WLAN, VMware-based Wi-Fi management & control and managed Wi-Fi services.
Over the past few years numerous vendors of IT security technologies have entered the market, some have simply replicated existing products and manufactured at a cheaper cost, others have plugged the gaps in the network security infrastructure, and a select few have successfully pioneered entirely new technologies. Our solid business background allows us to lead the revolution in challenging the dominance of established vendors and recognize and champion new and innovative solutions.
Our portfolio comes from leading edge; non-competing vendors that help us define the market rather than chase it, ensuring that our products are not commoditized and resulting in higher margins for our Partners. Vendors are chosen on their performance, cost versus functionality, disruptiveness and track record in their respective markets; as visionaries in their respective fields they are recognized as being the next generation in security and management within these markets. Working in this select way ensures limited competition to our resellers, a cleaner more qualified Channel and more importantly no erosion of margin. Visit www.vcwsecurity.com for further information
About CYREN WebSecurity
CYREN WebSecurity is a cloud-based Security as a Service (SecaaS) solution designed to provide organizations with 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. Visit www.CYREN.com/web.
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(TM) Cloud Platform leverages Recurrent Pattern Detection(TM) 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.
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.
U.S. Investor Contact:
The Blueshirt Group
Israel Investor Relations Contact:
Mike Myshrall, Interim CFO CYREN
CYREN Media Contact:
Zintel Public Relations