posted
Tumbleweed Extends Email Security Appliance Hardware Choices; MailGate Appliance 4500 Series Delivers High-Performance, Fault Tolerance in a Cost-Effective, Easy-to-Deploy 1U Appliance
By BusinessWire Last Update: 1/25/2006 9:00:13 AM Data provided by
REDWOOD CITY, Calif., Jan 25, 2006 (BUSINESS WIRE) -- Tumbleweed(R) Communications Corp. (TMWD), a leading provider of email security, managed file transfer, and identity validation appliance and software products, today announced the availability of the MailGate(R) Appliance 4500 Series hardware. The MailGate 4500 offers large appliance performance and reliability in a compact package.
The new 4500 Series appliance features a 64-bit 2.0 GHz Opteron CPU and provides fault tolerance via redundant, hot-swappable disk drives and processes up to 375,000 messages per hour. The new appliance provides superior levels of protection from spam, viruses and other inbound content threats, while adding new onboard redundancy with dual drives and a RAID controller. Like all MailGate appliances, the 4500 features a unique front panel LCD and controls, enabling rapid installation, network configuration, real-time status information, and appliance reset with no external cabling or monitors required.
"Tumbleweed products are used in enterprises of all sizes, and we are always looking at how we can improve our product offerings to meet the varied challenges that our customers face," said Joe Fisher, VP of Marketing at Tumbleweed. "With the addition of the 4500 Series appliance to our product lineup, our mid to large enterprise customers get the best of both worlds -- the small rack footprint and price point of a 1U with enterprise-class redundancy and scalability."
About the Tumbleweed MailGate Product Suite
The Tumbleweed MailGate Suite is a family of products for protecting, filtering and monitoring corporate email. These best-in-breed products enable businesses to manage inbound and outbound traffic, block threats, encrypt messages and optimize network performance. MailGate products include MailGate Email Firewall(TM), MailGate Appliance(TM), MailGate Edge(TM) and MailGate Secure Messenger(TM), each optimized for specific environments and security challenges.
-- MailGate Email Firewall: A comprehensive email security offering, with functionality ranging from inbound threat prevention to outbound content filtering, monitoring and encryption.
-- MailGate Appliance: A powerful and easy-to-deploy hardened Linux appliance, providing integrated network edge defense, antispam, antivirus, content filtering, policy management, and outbound encryption.
-- MailGate Edge: A secure email relay appliance that delivers state-of-the-art network-based email defense against Directory Harvest (DHA) and Denial of Service (DoS) attacks.
-- MailGate Secure Messenger: A policy-based, secure message delivery solution that inspects incoming and outgoing mail and dynamically applies user-defined encryption and routing preferences.
SAFE HARBOR STATEMENT
Tumbleweed cautions that forward-looking statements contained in this press release are based on current plans and expectations, and that a number of factors could cause the actual results to differ materially from the guidance given at this time. These factors are described in the Safe Harbor statement below.
Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, particularly with respect to the availability, performance and functionality of Tumbleweed's MailGate appliances and other products. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. For further cautions about the risks of investing in Tumbleweed, we refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly Tumbleweed's Form 10-K filed March 16, 2005 and Form 10-Q filed November 2, 2005.
Tumbleweed assumes no obligation to update information contained in this press release, including for example its guidance regarding its future performance, which represents Tumbleweed's expectations only as of the date of this release and should not be viewed as a statement about Tumbleweed's expectations after such date. Although this release may remain available on Tumbleweed's website or elsewhere, its continued availability does not indicate that Tumbleweed is reaffirming or confirming any of the information contained herein.
About Tumbleweed Communications Corp.
Tumbleweed provides security solutions for email protection, file transfers, and identity validation that allow organizations to safely conduct business over the Internet. Tumbleweed offers these solutions in three comprehensive product suites: MailGate, SecureTransport(TM), and Validation Authority(TM). MailGate provides protection against spam, viruses, and attacks, and enables policy-based message filtering, encryption, and routing. SecureTransport enables business to safely exchange large files and transactions without proprietary software. Validation Authority is the world-leading solution for determining the validity of digital certificates. Tumbleweed's enterprise and government customers include ABN Amro, Bank of America Securities, Catholic Healthcare West, JP Morgan Chase & Co., The Regence Group (Blue Cross/Blue Shield), St. Luke's Episcopal Healthcare System, the U.S. Food and Drug Administration, the U.S. Department of Defense, and all four branches of the U.S. Armed Forces. Tumbleweed was founded in 1993 and is headquartered in Redwood City, Calif. For additional information about Tumbleweed go to www.tumbleweed.com or call 650-216-2000.
Tumbleweed, MailGate, MailGate Email Firewall, MailGate Appliance, MailGate Edge, MailGate Secure Messenger, SecureTransport and Validation Authority are either registered trademarks or trademarks of Tumbleweed Communications Corp. in the United States and/or other countries. All other trademarks are the property of their respective owners.
Industry : Internet Software & ServicesEmployees : 270Exchange : NASDAQ
Tumbleweed Communications Corp. (Tumbleweed) provides secure Internet communication solutions for enterprises and government customers of all sizes. The Company offers a family of messaging security software and appliance solutions that enable Internet communications. All of Tumbleweed solutions are designed to integrate with existing business and e-mail systems, requiring no change in existing firewall or system infrastructures. Tumbleweed's product suites include MailGate, SecureTransport and Valicert Validation Authority, offer solutions for anti-spam, content filtering, e-mail encryption, multi-protocol file transfer and comprehensive identity validation. Over 1,000 enterprise customers use the Company's products to connect with over 10,000 corporations and millions of end-users. Tumbleweed's market focus is in the financial services, healthcare and government industries. In addition, the Company provides professional services to customers of its products.
Stock Activity Last Price 2.72 52 Week High 4.40 52 Week Low 2.01 Volume 95,016 Average Daily Volume (13wk) 231,700 50 Day Moving Average 3.01 200 Day Moving Average 3.07 Volatility (beta) 3.04 Detailed Quote Financial data in U.S. dollars Stock Price History Change Relative Strength fyi Last 3 Months -25.6% 3 Last 6 Months -20.3% 12 fyi Last 12 Months -7.5% 30
Institutional Statistics Analyst Consensus Hold Institutional Ownership 41.90%
Last 12 Months 5 Year Growth Sales 50.3 Mil 7.1% Income -3.4 Mil NA Dividend Rate 0.00 NA Dividend Yield 0.00% 0.00%
More Financials - as of 09/2005 Fundamental Data Debt/Equity Ratio NA Gross Margin 86.50% Net Profit Margin -6.80% Total Shares Outstanding 49.1 Mil Market Capitalization 133.33 Mil Earnings/Share -0.07 StockScouter Rating 3
More Financial Ratios Earnings Estimates fyi Qtr(12/05) EPS Estimate -0.01 FY(12/05) EPS Estimate NA Current P/E NA FY(12/06) EPS Estimate 0.10 Forward P/E -789.00 Next Earnings Release: February 1
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Tumbleweed MailGate Appliance Wins ``Recommended'' Product Rating in SC Magazine Test of 9 Anti-Spam Solutions; Test Finds Tumbleweed's MailGate Appliance Effectiveness and Ease-of-Use as Key Strengths Among Security Vendors
By BusinessWire Last Update: 1/23/2006 9:00:14 AM Data provided by
REDWOOD CITY, Calif., Jan 23, 2006 (BUSINESS WIRE) -- Tumbleweed(R) Communications Corp. (TMWD), a leading provider of email security, managed file transfer, and identity validation appliance and software products, announced today that the Tumbleweed MailGate(R) Appliance 5550 received a "Recommended" rating from the editors of SC Magazine based on the results of a recent anti-spam appliance group test.
"We are honored that the SC Magazine editors have chosen to award the Tumbleweed MailGate Appliance(TM) with the only 'Recommended' product rating among all of the vendors involved in the recent group test," said John Thielens, CTO of Tumbleweed Communications. "Spam is a costly problem for the enterprise, and Tumbleweed is committed to providing effective and easy-to-use products to eliminate spam and other email threats."
The SC Magazine group test reviewed the performance of anti-spam appliances from nine different vendors including the Tumbleweed MailGate Appliance 5550. The goal of the SC Magazine anti-spam test was to look at each appliance and its ability to filter email, both in-bound and out-bound, in addition to the techniques used by each vendor, as well as the overall functionality of each appliance, all of which was based on each manufacturer's recommended settings.
In addition to Tumbleweed, other vendors included in the group test were IronPort Systems, CipherTrust, Barracuda Networks, CyberGuard, PineApp, Vircom, SendMail and SurfControl. The complete article and vendor-by-vendor breakdown of the review is available in the January 2006 issue of SC Magazine.
About the Tumbleweed MailGate Product Suite
The Tumbleweed MailGate Suite is a family of products for protecting, filtering and monitoring corporate email. These best-in-breed products enable businesses to manage inbound and outbound traffic, block threats, encrypt messages and optimize network performance. MailGate products include MailGate Email Firewall(TM), MailGate Appliance(TM), MailGate Edge(TM), and MailGate Secure Messenger(TM), each optimized for specific environments and security challenges.
-- MailGate Email Firewall: A comprehensive email security offering, with functionality ranging from inbound threat prevention to outbound content filtering, monitoring and encryption.
-- MailGate Appliance: A powerful and easy-to-deploy hardened Linux appliance, providing integrated network edge defense, antispam, antivirus, content filtering, policy management, and outbound encryption.
-- MailGate Edge: A secure email relay appliance that delivers state-of-the-art network-based email defense against Directory Harvest (DHA) and Denial of Service (DoS) attacks.
-- MailGate Secure Messenger: A policy-based, secure message delivery solution that inspects incoming and outgoing mail and dynamically applies user-defined encryption and routing preferences.
About Tumbleweed Communications Corp.
Tumbleweed provides security solutions for email protection, file transfers, and identity validation that allow organizations to safely conduct business over the Internet. Tumbleweed offers these solutions in three comprehensive product suites: MailGate, SecureTransport(TM), and Validation Authority(TM). MailGate provides protection against spam, viruses, and attacks, and enables policy-based message filtering, encryption, and routing. SecureTransport enables business to safely exchange large files and transactions without proprietary software. Validation Authority is the world-leading solution for determining the validity of digital certificates. Tumbleweed's enterprise and government customers include ABN Amro, Bank of America Securities, Catholic Healthcare West, JP Morgan Chase & Co., The Regence Group (Blue Cross/Blue Shield), St. Luke's Episcopal Healthcare System, the U.S. Food and Drug Administration, the U.S. Department of Defense, and all four branches of the U.S. Armed Forces. Tumbleweed was founded in 1993 and is headquartered in Redwood City, Calif. For additional information about Tumbleweed go to www.tumbleweed.com or call 650-216-2000.
Tumbleweed, MailGate, MailGate Email Firewall, MailGate Appliance, MailGate Edge, MailGate Secure Messenger, SecureTransport and Validation Authority are either registered trademarks or trademarks of Tumbleweed Communications Corp. in the United States and/or other countries. All other trademarks are the property of their respective owners.
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Dust, Have you heard about anything about what 4th quarter results will look like. I see after hours they will officially release them.
IP: Logged |
By PR Newswire Last Update: 2/1/2006 4:05:30 PM Data provided by
REDWOOD CITY, Calif., Feb 01, 2006 /PRNewswire-FirstCall via COMTEX/ -- Tumbleweed(R) Communications Corp. (TMWD), a leading provider of email security, secure file transfer, and identity validation appliance and software products, today reported results for the fourth quarter and year ended December 31, 2005.
Financial Results
For the year 2005, Tumbleweed reported record annual revenue of $50.0 million, up 15% from $43.4 million in 2004; a net loss of $3.9 million, compared to a net loss of $7.5 million in 2004; and non-GAAP net loss, which excludes certain items described below, of $171,000, compared to non-GAAP net loss of $2.5 million for 2004. Net loss per share for 2005 was $(0.08), compared to a net loss per share of $(0.16) in 2004. Non-GAAP net loss per share for 2005 was $(0.00), compared to a non-GAAP net loss per share of $(0.05) in 2004. Cash and cash equivalents were approximately $27.0 million at December 31, 2005, compared to $21.4 million as of December 31, 2004.
Tumbleweed reported Q4-05 revenue of $11.8 million, compared to $12.1 million in Q4-04; a net loss of $1.4 million, compared to a net loss of $923,000 in Q4-04; and a non-GAAP net loss of $549,000, compared to non-GAAP net income of $102,000 in Q4-04. Net loss per share for Q4-05 was $(0.03), compared to $(0.02) in Q4-04. Non-GAAP net loss per share for Q4-05 was $(0.01), compared to non-GAAP net earnings per share of $0.00 in Q4-04.
The Company previously announced that it experienced a delay in closing a handful of major orders during the fourth quarter. The most significant of these orders closed in the first half of January 2006.
"Despite a challenging fourth quarter, the opportunity ahead remains significant and positive," said James P. Scullion, chief executive officer of Tumbleweed. "The markets we address are growing, as secure communications continues to be a major concern to enterprise customers, whether over email or file transfer protocols. We believe our products and customer base will allow us to strongly participate in this growth, growing our revenue and improving our bottom line performance in 2006," Scullion concluded.
Customer Wins and Distribution
Tumbleweed continued to execute on its goal of attracting new customers while expanding penetration into its existing customer base. During the fourth quarter, Tumbleweed entered into more than 500 customer contracts including approximately 100 with new customers. New customers were primarily in the financial services, health care, and government markets. Approximately 150 customers entered into contracts for repeat business, exclusive of maintenance renewals. Tumbleweed now has more than 1,600 enterprise customers.
Tumbleweed continued its efforts to expand its market reach through a reseller distribution channel. The Company had 90 channel partners at the end of 2005, an increase from 60 at the end of 2004.
Tumbleweed management will host a conference call at 2:00 p.m. PST (5:00 p.m. EST) today to discuss these results. The call can be accessed by dialing 800-218-8862 and giving the company name, "Tumbleweed." Participants are asked to call the assigned number approximately 10 minutes before the conference call begins. A replay of the conference call will be available two hours after the call for the following five business days by dialing 800-405-2236 and entering the following pass code: 11050476#. Also, the conference call together with supplemental financial information will be available over the Internet at http://www.tumbleweed.com in the Investor Relations area of the site or by going to http://www.mkr-group.com.
Non-GAAP Information
The non-GAAP financial information included in this press release is not prepared in accordance with generally accepted accounting principals ("GAAP") as it excludes amortization of intangible assets, stock-based compensation expense, and merger-related and other costs (credits). Management believes that the presentation of non-GAAP information may provide useful information to investors because Tumbleweed has historically provided this information and understands that some investors consider it useful in evaluating Tumbleweed's expenses exclusive of specific, non-recurring events. Management also uses this non-GAAP information, along with GAAP information, in evaluating Tumbleweed's expenses and to compare Tumbleweed's performance with that of its competitors. The non-GAAP results should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. The non-GAAP financial information included in this press release excludes expenses for the amortization of intangible assets, stock-based compensation expense, and merger-related and other costs (credits) of $893,000 and $1.0 million for Q4-05 and Q4-04, respectively, and $3.7 million and $5.0 million for 2005 and 2004, respectively.
Safe Harbor Statement
Tumbleweed cautions that forward-looking statements contained in this press release are based on current plans and expectations, and that a number of factors could cause the actual results to differ materially from the guidance given at this time. These factors are described in the Safe Harbor statement below.
Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, particularly with respect to its expectations about Tumbleweed's financial outlook for the first quarter of 2006, as well as its beliefs about Tumbleweed's opportunity ahead, the growth of the markets it addresses, its ability to participate in the growth of those markets, and its ability to regain its revenue momentum and achieve improved bottom line performance in 2006. As noted, these results are preliminary and therefore subject to change as Tumbleweed completes its review of the fourth quarter as well as the audit for the year. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. For further cautions about the risks of investing in Tumbleweed, we refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly Tumbleweed's Form 10-K filed March 16, 2005 and Form 10-Q filed November 2, 2005.
Tumbleweed assumes no obligation to update information contained in this press release. Although this release may remain available on Tumbleweed's website or elsewhere, its continued availability does not indicate that Tumbleweed is reaffirming or confirming any of the information contained herein as of a later date.
About Tumbleweed Communications Corp.
Tumbleweed provides solutions for email protection, file transfers, and identity validation that allow organizations to safely conduct business over the Internet. Tumbleweed offers these solutions in three comprehensive product suites: MailGate, SecureTransport(TM), and Validation Authority(TM). MailGate provides protection against spam, viruses, and attacks, and enables policy- based message filtering, encryption, and routing. SecureTransport enables business to safely exchange large files and transactions without proprietary software. Validation Authority is the world-leading solution for determining the validity of digital certificates. Tumbleweed's enterprise and government customers include ABN Amro, Banc of America Securities, Catholic Healthcare West, JP Morgan Chase & Co., The Regence Group (Blue Cross/Blue Shield), St. Luke's Episcopal Healthcare System, the U.S. Food and Drug Administration, the U.S. Department of Defense, and all four branches of the U.S. Armed Forces. Tumbleweed was founded in 1993 and is headquartered in Redwood City, Calif. For additional information about Tumbleweed go to www.tumbleweed.com or call 650-216-2000.
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