|By PR Newswire||
|October 2, 2012 06:01 AM EDT||
MCLEAN, Virginia, October 2, 2012 /PRNewswire/ --
Commtouch® (NASDAQ: CTCH), a leading provider of cloud-based solutions for security companies and service providers, today announced it has closed the purchase of Iceland-based FRISK Software International's antivirus business, as of October 1, 2012.
The acquisition dramatically accelerates Commtouch's antivirus roadmap and enables the company to more quickly provide the most advanced antivirus technology utilizing the combined resources of both organizations. It also helps support the launch of private label antivirus solutions for the OEM and service provider markets while also enhancing the company's SaaS capabilities.
Additionally, it also allows both companies to combine resources and support the upcoming launch of version 7 of the F-PROT Antivirus product that features unrivaled heuristic detection capabilities. The latest version of F-PROT Antivirus is set to feature new capabilities that harness the specialties of both FRISK Software and Commtouch, resulting in F-PROT's most advanced solution to date. It will also include rebranding capabilities and multilingual support in eight languages.
"We're extremely pleased to announce the completion of our acquisition of FRISK Software's antivirus business," said Shlomi Yanai, CEO at Commtouch. "This acquisition illustrates our commitment to offering the latest protection technologies and the best detection on the market. The operational synergies and key intellectual property that FRISK Software brings allow Commtouch to accelerate its antivirus strategy and offer an industry-leading private label antivirus application that both vendors and service providers can use to differentiate themselves from competition. The acquisition of FRISK Software is yet another example of how we're building an even stronger Commtouch with unmatched expertise and clear growth prospects."
For more information on Commtouch, FRISK Software and the acquisition, visit http://www.commtouch.com.
Commtouch® (NASDAQ: CTCH) safeguards the world's leading security companies and service providers with cloud-based Internet security services. Real-time threat intelligence from Commtouch's GlobalView™ Cloud powers its Web filtering, email security and antivirus solutions, protecting thousands of organizations and hundreds of millions of users worldwide. Visit http://www.commtouch.com.
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Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Commtouch is a registered trademark of Commtouch. U.S. Patent No. 6,330,590 is owned by Commtouch. All other trademarks are the property of their respective owners.
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 acceleration of Commtouch's launch of an expanded range of antivirus solutions for the OEM market, and b) the effect the transaction will have on Commtouch's SaaS capabilities, 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; 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 http://www.sec.gov.
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