Cyren Ltd. (NASDAQ:CYRN) fell Wednesday after jumping over 26% on Tuesday. The company recently announced it teamed with TD SYNNEX (NYSE:SNX) to distribute next gen anti-phishing solution in North America.
“We are thrilled to be included in TD SYNNEX’ cutting-edge portfolio of technology applications,” stated Bruce Johnson, Vice President of Sales Americas at Cyren. “Their extensive reach will play a significant role and help accelerate our growth with large enterprises. This new agreement demonstrates our continued commitment to the channel and supporting TD SYNNEX to protect their clients from phishing attacks.”
Cyren Inbox Security uses machine learning and other techniques to continuously detect and automatically respond to phishing and business email compromise (BEC) threats that slip past the email perimeter. This approach expands and enhances TD SYNNEX’ current enterprise email security portfolio.
With this agreement, TD SYNNEX resellers can offer CIS as an easy add-on subscription to new and existing Microsoft 365 opportunities. Additionally, CIS can be sold with other security solutions like secure email gateways and Security Awareness Training, providing a comprehensive anti-phishing solution.
“TD SYNNEX and our resellers recognize that phishing and business email compromise attacks are not only a widespread threat to enterprises, but are becoming more sophisticated and continue to evade detection,” said Scott Young, Senior Vice President, Strategic Procurement, TD SYNNEX.
CYRN shares stumbled eight cents, or 10.5%, to 66 cents, while those for SNX picked up $1.29, or 1.1%, to $117.52