MCLEAN, Virginia, August 1, 2012 /PRNewswire/ --
Commtouch ® (NASDAQ: CTCH), a leading provider of cloud-based solutions for security companies and service providers, today announced it has signed a definitive agreement to acquire Iceland-based FRISK Software International's antivirus business.
FRISK is a leading provider of antivirus solutions for the OEM, corporate, and consumer markets. Its well-established brand, F-PROT, has been used by millions of people and organizations for more than 20 years. The acquisition allows Commtouch to utilize FRISK's staff and IP to dramatically accelerate its launch of white label antivirus solutions for the OEM market. It will also enable Commtouch to provide more services and applications, as well as enhance the company's SaaS capabilities.FRISK currently provides important technology used by Commtouch's antivirus engine, and the two engineering teams have worked together for more than 20 years. In addition to leading-edge technology, FRISK brings with it many highly talented staff. FRISK's founder, Friðrik Skúlason, will join Commtouch as vice president of antivirus technologies. He was the first to develop heuristic detection technology that is now widely used in antivirus products. As a testament to its capabilities, FRISK has been awarded the Virus Bulletin VB100 numerous times. "Adding the impressive assets of FRISK with the talent of Commtouch will accelerate the company's ability to deliver world-class security solutions for the OEM market," said Shlomi Yanai, CEO at Commtouch. "Because FRISK's technology is an important part of the Commtouch solution, the integration of FRISK's team will have a dramatic impact. We plan to release version 7 of F-PROT shortly after the acquisition closes. Providing exciting new functionality for the antivirus market, Version 7 is tailored to meet the white label needs of our OEM partners and service providers, including the ability to be fully rebranded and multilingual. "Our strategy is to be a leading and innovative OEM solutions provider that is focused on going to market through partners," Yanai continued. "This acquisition enables us to build and deliver new and differentiated solutions faster."