Russell Microcap Index component
|Industry||IT Security |
U.S. Headquarters in McLean, VA,
|Brett Jackson (CEO) |
Mike Myshrall (CFO)
Richard Ford (CTO)
|Products||Web security services |
Email security services
Threat intelligence services
|Revenue||US$ 35.9 million (2018)|
Number of employees
|Subsidiaries||Cyren Inc., formerly known as Commtouch Inc. (Delaware) |
Cyren Germany GmbH & Co KG formerly known as eleven Gesellschaft zur Entwicklung und Vermarktung von Netzwerktechnologien mbH (Germany)
Cyren GmbH (Germany)
Cyren UK Ltd (United Kingdom)
Cyren Iceland hf formerly known as Commtouch Icelandhf (Iceland)
Cyren Inc. is a cloud-based, Internet security technology company providing security as a service (SECaaS) and threat intelligence services to businesses. Services include email security, web security, DNS security, cloud sandboxing, inbound/outbound anti-spam services, real-time phishing detection and blocking, ransomware protection, URL filtering, IP reputation for email, malware attack detection, anti-malware and IP intelligence, botnet attack prevention, and cloud threat lookup. Cyren also provides endpoint protection, including anti-malware for mobile, URL filtering for mobile, and inbound/outbound Internet of Things (IoT) gateway protection. Major corporate clients using Cyren's services include Microsoft, Google, Check Point, Dell, T-Mobile, and Intel.
Cyren currently employs approximately 220 with headquarters in McLean, Virginia (USA) and offices in Herzliya (Israel), Berlin (Germany), Bracknell (UK) and Reykjavík (Iceland). Its common stock is listed on the NASDAQ Stock Exchange under the ticker symbol CYRN. In January 2019, Cyren announced that it was voluntarily delisting from the Tel Aviv Stock Exchange.
Cyren is among the most well-funded cybersecurity firms in the Washington, DC metro area according to a 2018 study. In 2018 Cyren made news for its research into phishing trends, particularly the prevalence of Microsoft Office, Office365, and Outlook as the brands most targeted by phishing kits. In the same year, the firm provided primary support to the Icelandic police during their investigation of the largest cyberattack to hit the country.
The company estimates that its security cloud currently processes more than 25 billion security transactions generated by over 1.3 billion users in 180 countries to detect cyber threats as they emerge.
Commtouch was incorporated as a private company under the laws of the State of Israel on February 10, 1991 by Gideon Mantel, a former officer in a “special bomb-squad unit” for the Israel Defense Forces (IDF). Wired magazine observed that the early company culture at Commtouch encouraged “being a fighter” as their Israeli employees had completed several years of military service.
The Israeli venture capital company Gemini Israel Ventures which was supported by the "Yozma" government program at the time (doubling any investment with government money, see Yitzhak Rabin) made an investment in Commtouch.[better source needed]
In 1997 Isabel Maxwell became President of Commtouch. According to Maxwell, she convinced Microsoft co-founder Bill Gates to make an investment in the business. In 1999 Microsoft co-founder Paul Allen also made an investment in Commtouch of $20-million.
Commtouch went public in 1999.
In November 2012, the company completed acquisition of Eleven GmbH, which enabled the company to accelerate delivery of private label cloud-based security services, specifically designed for OEM and service provider markets.
In January 2014, the company received shareholder approval to change its name from the original of “Commtouch” to Cyren Ltd.
Cyren's cloud-based security services are delivered via two platforms: Cyren Cloud Security (CCS) and Threat Intelligence Services (TIS). The CCS SaaS security platform is designed for enterprises and sold either directly or through channel partners. Services include Web Security, Email Security, DNS Security and Cloud Sandboxing. Cyren TIS offers cloud-based cyber threat detection application program interfaces (APIs), and software development kits (SDKs) to technology and security vendors, including Google and Microsoft. Cyren TIS services include Email Security, Web Security, Endpoint Security and Advanced Threat Protection. These platforms are powered by Cyren GlobalView™, Cyren's global security cloud that analyzes 25 billion security transactions each day to identify emerging threats in real time.
In February 2019, Cyren announced the intent of Lior Samuelson, the Chief Executive Officer and Chairman of the Board, to step down as CEO. On April 24, 2019, it was announced Brett Jackson would be taking on the role of CEO.
In January 2019, Cyren announced that it would be voluntarily delisting from the Tel Aviv Stock Exchange (TASE) in an effort to simplify regulatory filings and concentrate fragmented trading volume onto the Nasdaq exchange. The company’s ordinary shares were delisted from trading on the TASE on April 10, 2019. Cyren will continue to maintain its headquarters in Herzliya, Israel and operate as an Israeli-registered company.
In 2018 and 2019, Cyren Email Security received a first-place gold award in the email security category in the Cybersecurity Excellence Awards, and placed at the top in the anti-malware category in 2017.
- Web Application Security
- Antivirus software
- Antispam features
- Endpoint Security
- Mobile Security
- Network Security
- Internet Security
- Content filtering
- Cloud Security
- Mobile Malware
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- Bronson, Po (February 1, 1999). "On The Net, No One Knows You're a Maxwell". Wired. ISSN 1059-1028. Retrieved 2021-07-24.
- "Commtouch". Gemini Israel Ventures.
- "Voyaging around her father, the hi-tech Maxwell". The Guardian. 2000-10-08. Retrieved 2021-07-24.
- "CommTouch Boosts Number of Shares for IPO". Los Angeles Times. July 1, 1999.
- "Commtouch to buy Authentium antivirus unit". Silicon Valley Business Journal. 27 July 2010.
- Leyden, John (1 August 2012). "Commtouch gulps down Icelandic anti-virus pioneer FRISK". The Register.
- "Commtouch Acquires eleven GmbH To Accelerate Launch Of Security-As-A-Service Solutions". Dark Reading. 19 November 2012.
- Kovacs, Eduard (7 January 2014). "Commtouch Changes Its Name to CYREN". Softpedia News.
- "Cyren Cloud Security Recognized in Cyber Defense Magazine's Annual Awards". Yahoo! Finance. 18 April 2018.
- "Cyren (CYRN) Announces Chairman and CEO Lior Samuelson to Step Down After Transferring Responsibilities to Successor". Street Insider. 20 February 2019.
- "Cyren Announces CEO Transition Plan". DC CityBizList. 20 February 2019.
- ME Staff 8-k (20 February 2019). "Cyren Ltd. (NASDAQ:CYRN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers". Market Exclusive.
- "Press Release | Cyren". ir.cyren.com. Retrieved 2019-10-20.
- "Cyren Announces Voluntary Delisting from the Tel Aviv Stock Exchange". Yahoo! Finance. 10 January 2019.
- "Cyren Announces Voluntary Delisting from the Tel Aviv Stock Exchange". Financial Content. 10 January 2019.
- "BRIEF-Cyren announces strategic investment from Warburg Pincus Funds". Reuters. 6 November 2017.
- "CYREN (CYRN) Announces Warburg Pincus Funds Acquired 10.6M Shares, or 21.3% Stake; May Raise Stake Up to 75%". Street Insider. 6 November 2017.
- Reich, Dror (11 July 2017). "Warburg Pincus Buys Stake in Email Protection Company Cyren". CTech.
- "Cyren Email Security Wins Top Honors In Cybersecurity Excellence Awards". MarketWatch. 25 February 2019.