Tumbleweed Poised to Benefit From Russia's Tech Boom With Addition of New Channel Partner
20 Mai 2008 - 2:00PM
Business Wire
Tumbleweed� Communications Corp. (NASDAQ:TMWD), a leader in managed
file transfer and email security, today announced continued
expansion in the EMEA region with the signing of a new premier
distributor in Russia. Rainbow Technologies has joined Tumbleweed�s
partner alliance to help meet the demand across Russian private and
government sectors for innovative, reliable and easy-to-use secure
content delivery solutions. �Investment in IT infrastructure has
seen double-digit growth in parts of Central and Eastern Europe �
and now that infrastructure is more mature, IT organizations will
predictably turn their attention to security,� said Craig Whitney,
Tumbleweed Managing Director for EMEA, �Rainbow Technologies has
been at the forefront of fulfilling demand and is a trusted partner
to many private enterprises and governmental offices. We see them
as a strategic partner as we enter this region of Europe.� The
current business climate in Russia makes this a particularly
opportune time for such a partnership. By all counts, Russia has
seen enormous IT growth since 2002, and Esther Dyson, a well known
U.S. thought leader on emerging digital technologies, has publicly
wagered that by 2012,�major American newspapers will refer
to�Russia as�"the world leader in�software development.� And if
Russia�s huge presence at CeBIT in 2007 was anything to go by �
over 150 major Russian IT exhibitors spanning consulting,
outsourcing and software � the hype may be real. This new maturity
in Russia�s IT space makes it ripe for the next piece of the puzzle
� IT security, and an emerging demand in the government sector for
IT products and solutions. Tumbleweed SecureTransport� is a leading
Managed File Transfer solution that is uniquely positioned to
benefit from this new phase of growth in Russia's IT sector.
Initial MFT revenue opportunities are expected to be in Russia�s
commercial sector across businesses of every size. Meanwhile, in
the banking and government sectors � where regulation is heavy and
encryption guidelines strict � Rainbow Technology is aggressively
pursuing the required certifications. �We see tremendous
opportunity with Tumbleweed � in particular with their managed file
transfer product, SecureTransport,� said Yuriy Ivanovich Kryukov,
CEO of Rainbow Technologies. �As organizations increasingly look
for ways to safeguard valuable business content, SecureTransport
provides an effective, easy-to-use product that enables greater
control of business data. There�s no other product quite like it
available in Russia today.� Safe Harbor Statement Tumbleweed
cautions that forward-looking statements contained in this press
release are based on plans and expectations as of the date of the
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 growth of IT spending or
Tumbleweed�s business in Russia, as well as Tumbleweed�s
relationship with Rainbow Technologies. 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 and Tumbleweed's Form 10-Q filed May 12, 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 Tumbleweed Communications Corp.
(NASDAQ:TMWD), an industry leader in managed file transfer and
email security, provides enterprise-class solutions to
organisations of all sizes. Tumbleweed�s innovative products enable
organisations 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 organisations 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. Tumbleweed and SecureTransport are
either registered trademarks or trademarks of Tumbleweed
Communications Corp. in the United States and/or other countries.
All other trademarks are the property of their respective owners.
Tumbleweed Communications Corp (MM) (NASDAQ:TMWD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Tumbleweed Communications Corp (MM) (NASDAQ:TMWD)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024