Information security company Commtouch Software Ltd. has announced that it signed 11 new licensing agreements during the first quarter of 2007.
“It has been a remarkable quarter in terms of new deals signed, and we are pleased to see our business progressing according to plan,” said Commtouch chairman and CEO Gideon Mantel. “Eleven successful wins in one quarter are a strong testament to the superiority of our Recurrent Pattern Detection technology.” The companies that signed with Commtouch are based in North America, Europe and Asia, and brought the number of companies licensing Commtouch technology to 66 at the close of the first quarter of 2007, taking into account two older deals that were discontinued.
“We expect that several of these new licensing partners will open up new markets for Commtouch, leading the way to increased market share overall,” Mantel said. “Many of these licensing partners will be launching our solution integrated into their products in the post-summer period, so we anticipate seeing the main revenue impact in the fourth quarter of 2007 and into 2008.”
Commtouch develops and provides proprietary anti-spam, Zero-Hour virus protection and IP Reputation solutions.
Published by Globes [online], Israel business news - www.globes.co.il - on April 4, 2007
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