“Commtouch to Acquire the Antivirus Division of Authentium” plus 3 more |
- Commtouch to Acquire the Antivirus Division of Authentium
- Webroot AntiVirus with Spy Sweeper 2011
- Commtouch to Acquire the Antivirus Division of Authentium
- Microsoft releases new beta of Security Essentials
| Commtouch to Acquire the Antivirus Division of Authentium Posted: 27 Jul 2010 01:00 AM PDT Press Release Source: Commtouch Software Ltd. On Tuesday July 27, 2010, 4:00 am EDT SUNNYVALE, CA--(Marketwire - 07/27/10) - Commtouch® (NASDAQ:CTCH - News) today announced that it has signed a definitive Asset Purchase Agreement to acquire the assets, products, licenses, and operations of the Command antivirus division of Authentium, Inc., a Florida-based company. Command antivirus -- which also includes technology to protect against spyware, Trojan downloaders, and other threats -- is strongly synergetic with the rest of Commtouch's product portfolio. With the addition of antivirus technology as a new, third product line, Commtouch will be offering a comprehensive set of solutions for inbound and outbound messaging and Web security to its customers, which are networking and security vendors and service providers. The Command antivirus division currently provides its technology to a notable number of leading service providers and vendors, including Google, McAfee, and Microsoft. Certified by Checkmark, West Coast Labs, and a winner of multiple Virus Bulletin awards, Authentium's Command antivirus technology boasts a small footprint and a highly efficient event-processing system. Commtouch is expected to pay $4.6 million in cash and an additional "earnout" contingent upon the achievement of certain revenue milestones through December 31, 2011, which may bring the total amount to approximately $8 million. The acquisition is expected to be accretive starting the first quarter post-closing, and should contribute positively to Commtouch's non-GAAP top and bottom line in 2011. The acquisition will also allow Commtouch to accelerate its rate of growth in revenues and profits. Broader Offering and Foundations for Growth "In the past 18 months, we have expanded our product offerings from a single product line -- that of messaging security -- to three complementary product lines, including the one we are purchasing now. In addition, we have broadened our target markets from a single market -- OEM vendors -- to include service providers. We believe that this unique combination of expanded offerings and target markets will set the stage for healthy growth for the coming years," said Gideon Mantel, Commtouch's chairman of the board and chief executive officer. Mr. Mantel added, "Commtouch has considered a number of acquisition opportunities during the past year as part of our long-term growth strategy, and after a thorough examination, we decided that Authentium's Command division is the best fit for our business, both strategically and operationally. We believe that many of our current customers will be eager to consolidate their messaging and Web security needs around a single reliable vendor -- Commtouch -- and enjoy the operational simplicity and reduced total cost of ownership that this entails. We are excited about the opportunities ahead." The transaction will be financed from Commtouch's own financial resources. Commtouch ended the second quarter of 2010 with approximately $16 million in cash and zero debt, and management therefore believes that following payment for the deal, the Company will maintain more than sufficient working capital to fund its existing operations as well as to pursue further opportunities and complete its share buy-back program. Strong Synergy: People & Products "We are thrilled to join the Commtouch team. We see great synergies between Commtouch and Command, and both companies have a similar focus on both technological excellence and dedicated customer service," said Helmuth Freericks, Authentium's chief science officer. "With the acquisition, we will gain additional resources in terms of capital, marketing, and a renewed focus on enhancing the technology; all of which directly benefit our customers and further enable our commitment to world-class protection. We look forward to continuing to serve our customers moving forward as part of the Commtouch family." Mr. Freericks, who also co-founded Command, will join Commtouch's management team as General Manager, Antivirus Solutions. The rest of the Command employees, including its virus lab analysts, will also be joining Commtouch, under Mr. Freericks' leadership. Combining the skills and resources of both companies, Commtouch plans to leverage the Command technology and continue developing and enhancing it. Closing of the acquisition is subject to customary conditions and governmental approvals, and is to take place by September 30, 2010. The Company will be hosting a conference call to discuss second quarter results and the deal at 10 a.m. Eastern time on Wednesday, July 28. To participate, please call one of the following teleconferencing numbers by dialing in at least 5 minutes before the conference call commences:
The call will be simultaneously webcast and available afterwards as a replay from the investor relations section of Commtouch's website. About Commtouch Stay abreast of the latest news at the Commtouch Café: http://blog.commtouch.com. For more information about enhancing security offerings with Commtouch technology, see http://www.commtouch.com or write to info@commtouch.com. Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark, of Commtouch Software Ltd. U.S. Patent No. 6,330,590 is owned by Commtouch. 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 release; we assume no obligation to update any of them. The statements in this release, including those relating to a) the expected closing date of September 30, 2010, b) the accretive effect of the acquisition transaction in the quarter post-closing c) the sufficiency of working capital post-transaction closing, d) the company's optimistic business outlook for 2011 and beyond resulting from this new business, including the belief in accelerated growth in revenues and profits for the company as a whole, and e) the intention to invest additional resources in the Command technology, are not guarantees of future performance, and actual results could differ materially from our current expectations as a result of numerous factors, including unanticipated events affecting Commtouch's new antivirus business; 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; 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. Five Filters featured article: "Peace Envoy" Blair Gets an Easy Ride in the Independent. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Webroot AntiVirus with Spy Sweeper 2011 Posted: 26 Jul 2010 05:20 AM PDT Sorry, Readability was unable to parse this page for content. Five Filters featured article: "Peace Envoy" Blair Gets an Easy Ride in the Independent. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Commtouch to Acquire the Antivirus Division of Authentium Posted: 27 Jul 2010 01:05 AM PDT SOURCE: Commtouch Software Ltd.
Jul 27, 2010 04:00 ET Commtouch Further Strengthens and Expands Its Offering to Become a Complete Internet Security Platform SUNNYVALE, CA--(Marketwire - July 27, 2010) - Commtouch® (NASDAQ: CTCH) today announced that it has signed a definitive Asset Purchase Agreement to acquire the assets, products, licenses, and operations of the Command antivirus division of Authentium, Inc., a Florida-based company. Command antivirus -- which also includes technology to protect against spyware, Trojan downloaders, and other threats -- is strongly synergetic with the rest of Commtouch's product portfolio. With the addition of antivirus technology as a new, third product line, Commtouch will be offering a comprehensive set of solutions for inbound and outbound messaging and Web security to its customers, which are networking and security vendors and service providers. The Command antivirus division currently provides its technology to a notable number of leading service providers and vendors, including Google, McAfee, and Microsoft. Certified by Checkmark, West Coast Labs, and a winner of multiple Virus Bulletin awards, Authentium's Command antivirus technology boasts a small footprint and a highly efficient event-processing system. Commtouch is expected to pay $4.6 million in cash and an additional "earnout" contingent upon the achievement of certain revenue milestones through December 31, 2011, which may bring the total amount to approximately $8 million. The acquisition is expected to be accretive starting the first quarter post-closing, and should contribute positively to Commtouch's non-GAAP top and bottom line in 2011. The acquisition will also allow Commtouch to accelerate its rate of growth in revenues and profits. Broader Offering and Foundations for Growth "In the past 18 months, we have expanded our product offerings from a single product line -- that of messaging security -- to three complementary product lines, including the one we are purchasing now. In addition, we have broadened our target markets from a single market -- OEM vendors -- to include service providers. We believe that this unique combination of expanded offerings and target markets will set the stage for healthy growth for the coming years," said Gideon Mantel, Commtouch's chairman of the board and chief executive officer. Mr. Mantel added, "Commtouch has considered a number of acquisition opportunities during the past year as part of our long-term growth strategy, and after a thorough examination, we decided that Authentium's Command division is the best fit for our business, both strategically and operationally. We believe that many of our current customers will be eager to consolidate their messaging and Web security needs around a single reliable vendor -- Commtouch -- and enjoy the operational simplicity and reduced total cost of ownership that this entails. We are excited about the opportunities ahead." The transaction will be financed from Commtouch's own financial resources. Commtouch ended the second quarter of 2010 with approximately $16 million in cash and zero debt, and management therefore believes that following payment for the deal, the Company will maintain more than sufficient working capital to fund its existing operations as well as to pursue further opportunities and complete its share buy-back program. Strong Synergy: People & Products "We are thrilled to join the Commtouch team. We see great synergies between Commtouch and Command, and both companies have a similar focus on both technological excellence and dedicated customer service," said Helmuth Freericks, Authentium's chief science officer. "With the acquisition, we will gain additional resources in terms of capital, marketing, and a renewed focus on enhancing the technology; all of which directly benefit our customers and further enable our commitment to world-class protection. We look forward to continuing to serve our customers moving forward as part of the Commtouch family." Mr. Freericks, who also co-founded Command, will join Commtouch's management team as General Manager, Antivirus Solutions. The rest of the Command employees, including its virus lab analysts, will also be joining Commtouch, under Mr. Freericks' leadership. Combining the skills and resources of both companies, Commtouch plans to leverage the Command technology and continue developing and enhancing it. Closing of the acquisition is subject to customary conditions and governmental approvals, and is to take place by September 30, 2010. The Company will be hosting a conference call to discuss second quarter results and the deal at 10 a.m. Eastern time on Wednesday, July 28. To participate, please call one of the following teleconferencing numbers by dialing in at least 5 minutes before the conference call commences: US Dial-in Number: 1 888 407 2553 The call will be simultaneously webcast and available afterwards as a replay from the investor relations section of Commtouch's website. About Commtouch Stay abreast of the latest news at the Commtouch Café: http://blog.commtouch.com. For more information about enhancing security offerings with Commtouch technology, see http://www.commtouch.com or write to info@commtouch.com. Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark, of Commtouch Software Ltd. U.S. Patent No. 6,330,590 is owned by Commtouch. 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 release; we assume no obligation to update any of them. The statements in this release, including those relating to a) the expected closing date of September 30, 2010, b) the accretive effect of the acquisition transaction in the quarter post-closing c) the sufficiency of working capital post-transaction closing, d) the company's optimistic business outlook for 2011 and beyond resulting from this new business, including the belief in accelerated growth in revenues and profits for the company as a whole, and e) the intention to invest additional resources in the Command technology, are not guarantees of future performance, and actual results could differ materially from our current expectations as a result of numerous factors, including unanticipated events affecting Commtouch's new antivirus business; 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; 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. 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| Microsoft releases new beta of Security Essentials Posted: 26 Jul 2010 12:27 PM PDT Microsoft releases new beta of Security EssentialsLatest version of free software adds network inspection, more protection against malware Microsoft has announced the latest beta of its free antivirus software, Microsoft Security Essentials (MSE). The release is called a "beta" yet again, even though it was a beta back on June 23, 2009 and Sept. 29, 2009. The security software only works on "genuine" Windows systems and can be downloaded at the Microsoft Connect portal here (it requires a password sign-up). The MSE beta has a new feature that sweeps the network called the "network inspection system," according to Microsoft's announcement. It also includes firewall integration and enhanced protection against Internet-borne exploits. The enhanced protection feature supports newer versions of Internet Explorer, providing additional protection from Web attacks. With the firewall integration, users now have the option to turn Windows firewall on or off. "This is good news for consumers; bad news for McAfee and Symantec," said Phil Lieberman, president of Lieberman Software. "Since most consumers do not buy antivirus and antimalware software, this is a great example of Microsoft stepping up as a responsible corporate citizen by providing some basic free protection for those consumers that simply can't or won't buy protection. Layering this technology over Windows 7 creates a much more secure Internet for everyone." The beta comes with one catch. Windows XP users won't be able to take advantage of the network inspection system feature. Microsoft explains that this "feature will not be enabled on Windows XP because the network inspection system requires the Windows Filtering Platform in order to run." The Windows Filtering Platform is only available in Windows Vista and Windows 7. Time will tell whether improvements in MSE will lead to computer makers preloading the software on PCs instead of commercial antimalware products. For now, MSE is still a consumer product in its nascent stages. It's not designed for enterprise use since it lacks management capabilities. Five Filters featured article: "Peace Envoy" Blair Gets an Easy Ride in the Independent. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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