About CYREN – Information

Cyren Ltd. is a cloud-based, Internet security technology company providing security as a service (SECaaS) and threat intelligence solutions 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 staff members 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 cybsecurity 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 of Iceland.

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.

Company history

Cyren was incorporated as a private company under the laws of the State of Israel on February 10, 1991. In September 2010, the company acquired the Command Antivirus division of Authentium, and in October 2012, completed the acquisition of the antivirus business FRISK Software International. In November 2012, the company completed acquisition of Eleven GmbH, which enabled the company to accelerate delivery of private label cloud-based security solutions, 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.

Technology

Cyren’s cloud-based security solutions are delivered via two platforms: Cyren Cloud Security (CCS)[12] 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.

Recent announcements

In February 2019, Cyren announced the intent of Lior Samuelson, the Chief Executive Officer and Chairman of the Board, to step down as CEO after transitioning his responsibilities to a successor to be identified in the future by the Board of Directors.

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 delisting is expected to become effective in April. Cyren will continue to maintain its headquarters in Herzliya, Israel and operate as an Israeli-registered company.

In July 2017, the private equity firm Warburg-Pincus announced it had acquired a 21.3% stake in Cyren for the price of $19.6 million.

Awards

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.

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