|By PR Newswire||
|August 19, 2014 06:05 AM EDT||
MCLEAN, Va., Aug. 19, 2014 /PRNewswire/ -- CYREN (NASDAQ: CYRN) today announced the appointment of Michael Myshrall to the permanent role of Chief Financial Officer. Myshrall has served as interim CFO since March.
"Mike's technology consulting, banking, and operational experience have consistently contributed to CYREN's successful transformation into a cloud-based provider of Security as a Service (SecaaS) solutions," said Lior Samuelson, CEO and Chairman of the Board at CYREN. "Mike has earned the trust and confidence of our global organization. We believe his financial leadership will be critical to delivering improved performance, both financially and operationally, as we continue to execute on our growth strategy."
Myshrall joined CYREN in January 2011 as vice president of corporate development and recently served as vice president of financial planning and analysis. Prior to joining CYREN, he focused on technology strategy, financial advisory and mergers and acquisitions, first with Mercator Capital and more recently with Trilos Ventures. Myshrall previously held various roles with Nortel, Newbridge Networks, Corvis, and Civcom. He holds a degree in electrical engineering from the University of New Brunswick and an MBA from Harvard Business School.
CYREN is a leading provider of cloud-based security solutions that deliver powerful protection through global data intelligence. Regardless of the device or its location, CYREN's easily deployed web, email, and anti-malware products deliver uncompromising protection in both embedded and Security as a Service (SecaaS) deployments. Organizations rely on CYREN's cloud-based threat detection and proactive security analytics to provide up-to-date spam classifications, URL categorization and malware detection services. The CYREN GlobalView™ Cloud Platform leverages Recurrent Pattern Detection™ technologies to protect more than 550 million users in 190 countries. CYREN is traded on the NASDAQ Capital Market and the Tel Aviv Stock Exchange (TASE) under the trading symbol "CYRN." Visit the CYREN GlobalView Security Center or go to www.CYREN.com.
This press release contains forward-looking statements, including projections about our 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, and statements including words such as "expect," "plan," "estimate," "anticipate," or "believe" are forward-looking statements. These statements are based on information available to us at the time of the press release; we assume no obligation to update any of them. The statements in this press release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including business conditions and growth or deterioration in the internet security market, technological developments, products offered by competitors, availability of qualified staff, and technological difficulties and resource constraints encountered in developing new products, as well as those risks described in the company's Annual Reports on Form 20-F and reports on Form 6-K, which are available through www.sec.gov.
U.S. Investor Contact:
The Blueshirt Group
Israel Investor Relations Contact:
Mike Myshrall, CFO
CYREN Media Contact:
Zintel Public Relations
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