CYREN Expands International Reach with Strategic Distribution Deal in India
-- New CYREN Data Center in India to Help Service New Distributor
MCLEAN, Virginia, 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.
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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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