E-mail security firm Commtouch Software Ltd. (Nasdaq: CTCH) signed 13 new OEM partners in the fourth quarter of 2008, bringing the number of its OEM licensees for the company's messaging and/or web security technologies to 116. The company signed 32 OEM partners in 2008 as a whole.
During the fourth quarter, Commtouch also signed three deals for its new GlobalView URL Filtering Web security product, two with new OEM partners and one with an existing partner. The company added that its expects the strong fourth quarter deal flow to begin influencing revenue in the third and fourth quarters of 2009.
Commtouch chairman and CEO Gideon Mantel said, “Signing with 13 new partners in a single quarter is an outstanding achievement. I attribute this accomplishment to three key factors: the exceptional quality of our product offerings, our financial stability and our new multi-product strategy that combines email and Web security, turning Commtouch into a one-stop shop for OEM protection against Internet threats. As we continue to see the effect of the challenging macroeconomic condition on some of our current OEM partners, we also see a strong pipeline for early 2009."
Commtouch's share rose 15.4% yesterday to $2.10, giving a market cap of $54 million.
Published by Globes [online], Israel business news - www.globes-online.com - on January 7, 2009
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