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Commtouch Reports 27% Revenue Increase For Full Year 2011

Stocks in this article: CTCH

"We are pleased with our results and performance in 2011," said Shlomi Yanai, Commtouch's chief executive officer. "We continue to see growth in our top and bottom lines and a significant increase in cash. Our strong financial position will enable us to expand and accelerate our future plans."

For information regarding the non-GAAP financial measures discussed in this release, please see "Use of Non-GAAP Financial Information" and "Reconciliation of Non-GAAP to GAAP Financial Information."

2011 Business Highlights:

Business highlights for 2011 include:

  • Integration of Command Antivirus® into Commtouch's current business, and ramping up of antivirus sales to the company's existing and new customers.
  • Growth in service provider demand for Commtouch's solutions, with a focus on Outbound Spam Protection and antivirus. New deals signed globally include those with Cox, Hostway, Superb Internet and one of the top three European hosting providers.
  • Launch of new products, including version eight of Commtouch's technology, which simplifies management of its security solutions; a new URL filtering solution for mobile, which provides real-time protection for mobile device users browsing the Web; and the industry's first unified engine combining email security, Web filtering and antivirus, which enhances performance, reduces integration time and increases customers' ROI.
  • Continued investment in the company's worldwide cloud infrastructure to enable superior detection services for Commtouch's customers.

 

During the fourth quarter of 2011, Shlomi Yanai was appointed as the Company's CEO, and Todd Thomson was appointed to the board of directors. In December 2011, Amir Lev completed his service to the board of directors, and during 2012, he will be winding down his activities as CTO and President of the company. In addition, James Hamilton was appointed to the board of directors this week.

"We see growing demand for Internet security solutions based on Commtouch's offerings," Mr. Yanai continued. "The leading growth drivers include the increasing usage of mobile devices in the enterprise and escalating cyber security threats.

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