Tumbleweed Positioned in Leaders Quadrant of 2008 Magic Quadrant for Managed File Transfer
24 Junho 2008 - 7:16PM
Business Wire
Tumbleweed� Communications Corp. (NASDAQ:TMWD), an industry leader
in managed file transfer and email security, today announced that
it has been positioned in the Leaders Quadrant of the newly
released �Gartner Magic Quadrant for Managed File Transfer,� (L.
Frank Kenney, James Lennard, 23 June 2008). According to the
analyst firm, �leaders (in the Gartner Magic Quadrant for Managed
File Transfer (MFT)) are most likely to have high revenue and
commitment to the market, high market share and installed bases,
and products that are of interest to a large audience.
Additionally, leaders have presented domain expertise and
compelling messages that have penetrated the market." �We are
delighted to be positioned in the leaders quadrant � from our
perspective, this event reinforces our continued market leadership
in the managed file transfer space,� said Jim Scullion, CEO of
Tumbleweed Communications. �This segment represents a tremendous
market opportunity, and with our vision and discipline, Tumbleweed
is poised to deliver leading-edge solutions to our partners and
customers.� According to the report, "Gartner estimates that the
market for MFT suites and services is approximately $450 million
and is growing at a rate of 21% to 26% year over year." About the
Magic Quadrant The Magic Quadrant is copyrighted June 23, 2008 by
Gartner, Inc. and is reused with permission. The Magic Quadrant is
a graphical representation of a marketplace at and for a specific
time period. It depicts Gartner's analysis of how certain vendors
measure against criteria for that marketplace, as defined by
Gartner. Gartner does not endorse any vendor, product or service
depicted in the Magic Quadrant, and does not advise technology
users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool,
and is not meant to be a specific guide to action. Gartner
disclaims all warranties, express or implied, with respect to this
research, including any warranties of merchantability or fitness
for a particular purpose. SAFE HARBOR STATEMENT Tumbleweed cautions
that forward-looking statements contained in this press release are
based on plans and expectations as of the date of the press
release, 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 Tumbleweed�s market position, as well
as the features and capabilities of Tumbleweed�s managed file
transfer solutions. 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 17, 2008 and Tumbleweed�s Form 10-Q filed May
12, 2008. 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. About
Tumbleweed Tumbleweed Communications Corp. (NASDAQ:TMWD), an
industry leader in managed file transfer, email security and
identity validation, provides enterprise-class solutions to
organizations of all sizes. Tumbleweed�s innovative products enable
organizations to effectively manage and protect business-critical
Internet communications, with capabilities that span secure file
transfer, encryption, data loss prevention, and email security.
Tumbleweed has more than 3,300 customers worldwide, including
blue-chip companies across an array of industries such as
Technology, Retail, Finance, Healthcare, Manufacturing, Consumer
Packaged Goods, Telecom, Energy, and the U.S. Government. The
world�s most security conscious organizations rely upon Tumbleweed
technology including Bank of America Securities, JP Morgan Chase
& Co., the U.S. Food and Drug Administration, and the U.S.
Department of Defense. Our award-winning products build on 15 years
of R&D and 29 security patents in the U.S. alone � many of
which are licensed by other security vendors. More information can
be found at www.tumbleweed.com. Tumbleweed is a registered
trademark 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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