"I am excited to combine the antivirus expertise of Commtouch and FRISK," commented Friðrik Skúlason, Chief Technology Officer and Founder of FRISK . "By fully harnessing the resources of both organizations, our teams will be able to make even more significant headway in antivirus technology, particularly in heuristic detection. I am extremely pleased to become part of a company that is set to take its security offerings to the next level."
The deal is subject to customary closing conditions and is expected to close by the end of the third quarter of 2012. Commtouch will continue to support the needs of all FRISK customers, channel partners and distributors, while also maintaining FRISK's F-PROT and Lykla-Pétur brands. The acquisition:
- Underscores Commtouch's commitment to antivirus technology
- Expands offerings with a white label AV application for vendors and service providers
- Accelerates Commtouch's SaaS antivirus strategy
- Brings key intellectual property
- Provides operational synergies
About FRISK Software International
FRISK Software International, established in 1993, is one of the world's leading companies in antivirus research and product development. FRISK Software produces the hugely popular F-Prot Antivirus products that offer unrivalled heuristic detection capabilities. In addition, the F-Prot AVES managed online e-mail security service filters away the nuisance of spam e-mail as well as viruses, worms and other malware that increasingly clog up inboxes and threaten data security. By supporting a wide range of platforms, FRISK Software protects computer networks of all sizes, running on diverse platforms. Visit http://www.f-prot.com.About Commtouch Commtouch ® (NASDAQ: CTCH) safeguards the world's leading security companies and service providers with cloud-based Internet security services. Real-time threat intelligence from Commtouch's GlobalView™ Cloud powers its Web filtering, email security and antivirus solutions, protecting thousands of organizations and hundreds of millions of users worldwide. Visit http://www.commtouch.com.
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