Cyren Ltd. is a cloud-based, Internet security technology company providing security as a service 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 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 and offices in Herzliya, Berlin, Bracknell and Reykjavík. Its common stock is listed on the NASDAQStock Exchange under the ticker symbol . 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.
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 , 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.
Technology
Cyren's cloud-based security services are delivered via two platforms: Cyren Cloud Security and Threat Intelligence Services. 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, and software development kits 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. 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 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 firmWarburg-Pincus announced it had acquired a 21.3% stake in Cyren for $US19.6 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.
