27.03.2008 12:00:00
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Tumbleweed Implements Expansion Strategy Through New Partnerships in APAC
Tumbleweed® Communications Corp.
(NASDAQ:TMWD), an industry leader in managed file transfer and email
security, today announced that it is expanding its presence and
expertise in the APAC region with the addition of several new partners
in three markets – Australia, India and
Malaysia.
In light of the growing number of data breaches and email security
risks, demand for managed file transfer and email security products has
increased significantly over the past year. To meet the jump in demand
for secure infrastructure environments, Tumbleweed continues to expand
its Tumbleweed Alliance Program (TAP). Tumbleweed gained four new
partners in India in Q4 2007 (NetEdge Computing Solutions, Nortech
Infonet, SoftCell Technologies, and Texport Technologies), and one new
partner in Australia (Sigma 5). In addition, two Malaysia partners –
ACW Distribution and Avnet Azure – have
renewed their partnerships with Tumbleweed.
"With messaging and information security
threats constantly on the rise and evolving at a rapid pace,
organizations are looking to invest in the execution and upgrade of
their security systems. To meet the demand, Tumbleweed is focused on
expanding our partner network across the APAC region,”
said Stree Naidu, Regional Vice President, APAC, Tumbleweed. "We
are pleased with our growing partner network across Australia, India and
Malaysia, and are confident that our combined efforts will sustain our
position as one of the leading providers of holistic secure messaging
solutions across the region.”
Further highlighting its stature as a leading player in the content
security space, Tumbleweed is positioned in the Leaders Quadrant of the
newly released Gartner "Magic Quadrant for
Email Encryption, 2007” (Eric Ouellet and
Arabella Hallawell, 8 November 2007). The Gartner Magic Quadrant for
Email Encryption analyzes encryption products that secure email content
data and attachments. Gartner defines email encryption "leaders”
as vendors who are performing well today, have a clear vision of market
direction, and are actively building competencies to sustain their
leadership position in the market. According to the Gartner Report:
One growth trend in the email encryption market has been through
data loss prevention (DLP) projects. Companies that invested in DLP
initially monitored traffic for policy violations or to understand
how their businesses used sensitive data. However, as soon as
companies turn to an enforcement mode, email encryption becomes an
important mechanism for allowing the transit of sensitive data.
"We believe our position in the leaders
quadrant is a clear recognition of our content security expertise, with
encryption serving as its foundation across multiple products, including
the emerging managed file transfer space,”
said information security luminary Taher Elgamal, CTO of Tumbleweed
Communications. Elgamal is widely regarded as a "founding
father” of Internet security and the inventor
of ubiquitous SSL encryption. "Our product
roadmap further extends our commitment to developing strong encryption
technology and will enable us to deploy it in new areas to keep customer
data secure while driving encryption innovation forward.” About the Magic Quadrant
The Magic Quadrant is copyrighted November 8, 2007 by Gartner, Inc. and
is reused with permission. The Magic Quadrant is a graphical
representation of a marketplace at and for a specific time period. It
depicts Gartner's analysis of how certain vendors measure against
criteria for that marketplace, as defined by Gartner. Gartner does not
endorse any vendor, product or service depicted in the Magic Quadrant,
and does not advise technology users to select only those vendors placed
in the "Leaders" quadrant. The Magic Quadrant is intended solely as a
research tool, and is not meant to be a specific guide to action.
Gartner disclaims all warranties, express or implied, with respect to
this research, including any warranties of merchantability or fitness
for a particular purpose.
SAFE HARBOR STATEMENT
Tumbleweed cautions that forward-looking statements contained in this
press release are based on current plans and expectations as of the date
of this press release, and that a number of factors could cause the
actual results to differ materially from the guidance given at this
time. These factors are described in the Safe Harbor statement below.
Except for the historical information contained herein, the matters
discussed in this press release may constitute forward-looking
statements that involve risks and uncertainties that could cause actual
results to differ materially from those projected, particularly with
respect to the expansion and retention of partners in the Tumbleweed
Alliance Program, Tumbleweed’s market
position and placement in the Leaders Quadrant of the Gartner Magic
Quadrant for Email Encryption, and Tumbleweed’s
future development and deployment of strong encryption technology. In
some cases, forward-looking statements can be identified by terminology
such as "may," "will,"
"should," "potential,"
"continue," "expects,"
"anticipates," "intends,"
"plans," "believes,"
"estimates," and similar expressions. For
further cautions about the risks of investing in Tumbleweed, we refer
you to the documents Tumbleweed files from time to time with the
Securities and Exchange Commission, particularly Tumbleweed's Form 10-K
filed March 17, 2008.
Tumbleweed assumes no obligation to update information contained in this
press release. Although this release may remain available on Tumbleweed’s
website or elsewhere, its continued availability does not indicate that
Tumbleweed is reaffirming or confirming any of the information contained
herein.
About Tumbleweed Communications Corp. Tumbleweed Communications Corp.
(NASDAQ:TMWD), an industry leader in managed file transfer and content
security, provides enterprise-class solutions to organizations of all
sizes. Tumbleweed’s innovative products
enable organizations to effectively manage and protect business-critical
Internet communications, with capabilities that span secure file
transfer, encryption, data loss prevention, and email security.
Tumbleweed has more than 3,200 customers worldwide, including blue-chip
companies across an array of industries such as Technology, Retail,
Finance, Healthcare, Manufacturing, Consumer Packaged Goods, Telecom,
Energy, and the U.S. Government. The world’s
most security conscious organizations rely upon Tumbleweed technology
including Bank of America Securities, JP Morgan Chase & Co., the U.S.
Food and Drug Administration, and the U.S. Department of Defense. Our
award-winning products build on 15 years of R&D and 27
security patents in the U.S. alone – many
of which are licensed by other security vendors. More information can be
found at www.tumbleweed.com.
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