Sunnyvale, Calif., October 8, 2007 – Commtouch® (Nasdaq: CTCH) announced today that nine new companies licensed its email defense technology during the third quarter of 2007, bringing the total number of OEM partners to 82. These vendors represent companies providing managed services, secure messaging, and security hardware, among others.
“The third quarter was another strong quarter in terms of new partners signed, continuing our earlier momentum,” said Gideon Mantel, Commtouch’s CEO. “One of our objectives for 2007 was to sign 30 OEM deals, and we have nearly achieved this target already at the end of Q3. These new agreements, together with our existing partner base, are laying the foundation for our future growth in 2008.”
New spam and virus tactics are continuously emerging that enable huge quantities of unwanted email to bypass traditional filters. In fact, more than 58% of end-user organizations are seeking new anti-spam vendors, according to a May 2007 study by Osterman Research, creating a significant opportunity for Commtouch and its OEM partners.
“Winning the trust of companies in so many critical service areas speaks highly about the value of our three security offerings,” Mantel said. “We are committed to providing our partners with the highest level of service, and offering them additional technologies to help them grow their business.”
NOTE: Commtouch does not individually announce every licensing agreement due to a number of considerations, including confidentiality agreement restrictions.
Commtouch Software Ltd. (NASDAQ: CTCH) is dedicated to protecting and preserving the integrity of the world's most important communications tool -- e-mail. 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 Reputation Service solutions. Using core technologies including RPD (Recurrent Pattern Detection™), the Commtouch Detection Center analyzes billions of email messages per week to identify new spam and malware outbreaks within minutes of their introduction into the Internet. Integrated by scores of OEM partners, Commtouch technology protects thousands of organizations, with hundreds of millions of users in over 100 countries. Commtouch is headquartered in Netanya, Israel, and has a subsidiary in Sunnyvale, Calif. For more information, see: http://www.commtouch.com. The site includes the Commtouch online lab detailing spam statistics and charts.
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.
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 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 www.sec.gov.
Company Contact:
Ron Ela
Chief Financial Officer
Tel: (US) 650-864-2291
(Int'l) +972-9-8636813
ron.ela@commtouch.com
Investor Relations Contact:
Ehud Helft/ Kenny Green
GK Investor Relations
Tel: (US) 1-866-704-6710
(Int'l) +972-3-607-4717
info@gkir.com
