Commtouch Announces Sale of Consumer Messaging Unit to CPSG; Move Demonstrates Commtouch's Commitment and Focus On Addressing the Email Service Needs of the Enterprise Market.Business Editors/High-Tech Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 27, 2001 Commtouch (Nasdaq:CTCH CTCH Common Traffic Channel ), a leading provider of messaging solutions to telcos, data centers, ISPs, ASPs, and corporations, and CPSG CPSG Cryptologic Systems Group (US Air Force) CPSG Clusters Policy Steering Group (UK) CPSG Computer Program Steering Group , a venture development company, today announced that CPSG has agreed to purchase Commtouch's consumer email messaging business, which includes the popular ZapZone webmail service, and will combine it with other email businesses it owns to create one of the largest Consumer email companies. CPSG is assuming all aspects of the consumer email operation, including systems and customer contracts. Specific terms of the sale were not disclosed; however, both companies will benefit from the future success of the consumer business. The Commtouch consumer email messaging business is a leading global service, with a customer base of prominent portals and other consumer destination sites. The service is noteworthy for its reliability, localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. in 26 languages, and highly customizable user interfaces. "This sale will make more financial resources available to focus on our enterprise business, which is providing business customers with highly resilient and secure email and communication solutions. At the same time we ensure that our Consumer-oriented customers will continue to receive excellent service," said Gideon Mantel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Commtouch. "Selling the consumer part of our business also enables us to further reduce our operating costs operating costs npl → gastos mpl operacionales and risk, making additional capital and resources available to support and develop our enterprise product offerings." CPSG will combine the Commtouch consumer business with its existing email businesses. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David Saykally, President of CPSG, "We now provide email for over ten million users of our worldwide business-to-consumer customers, making this one of the largest consumer email services See Internet e-mail service. in the world. CPSG has ten years of experience with email servers See mail server. and related technologies. We see a growth opportunity resulting from using our innovative technology to help customers use email to build their brand, retain their customers and grow revenue." About CPSG CPSG, which also does business as CP Software Group develops technology companies, particularly in the Internet space. CP Software Group is an active venture incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the , providing management, marketing, capital and strategic IP. CP Software Group companies include leaders in e-mail products, document management, content syndication and high level development tools. CPSG operates several companies including Uniplex, InterestAlert and Today Systems, serving thousands of companies and millions of users worldwide. CP Software Group, founded in 1991, is headquartered in Folsom, California Folsom is a city in California, United States. Folsom is most commonly known by its famous Folsom Prison, and is a thriving suburb of Sacramento. As of 2007, the State of California's estimate of Folsom's population is 70,835. , and is on the web at http://www.cpsoftwaregroup.com. About Commtouch Commtouch is a leading provider of hosted messaging and collaboration solutions to service providers and corporations. Commtouch enterprise-class services include Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. 2000 and Internet-standards Enterprise messaging, either as hosted or onsite solutions that deliver a high level of performance, reliability, scalability and security. Through its subsidiary Wingra Technologies, the company provides enterprise migration tools and services. Founded in 1991, Commtouch is a global company, headquartered in Netanya, Israel and Mountain View, CA. To learn how Commtouch solutions are designed to meet today's enterprise messaging and collaboration needs, visit http://www.commtouch.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including projections about Commtouch's business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future , and statements including words such as "expect", "plan", "estimate", anticipate", or "believe" are forward-looking statements. These statements are based on information available to Commtouch at the time of the release; Commtouch assumes no obligation to update any of them. The statements in this release are not guarantees of future performance and actual results could differ materially from Commtouch's current expectations as a result of numerous factors, including business conditions and growth or deterioration in the Internet market, commerce and the general economy both domestic as well as international; fewer than expected new-partner relationships; competitive factors including pricing pressures; technological developments, and products offered by competitors; availability of qualified staff for expansion; and technological difficulties and resource constraints encountered in developing new products as well as those risks described in Commtouch's registration statement on Form 20-F filed with the SEC on May 16, 2001, which is available through www.sec.gov. Note: Commtouch is a registered trademark of Commtouch Software Ltd. Terms and product names in this document may be trademarks of others. |
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