Commtouch: Strong Demand For Email Defense
Written by: Aaron Katsman | October 8, 2007
By Aaron Katsman
www.IsraelNewsletter.com
As if suffering through the Seattle Seahawks getting shut out yesterday by the Steelers wasn’t bad enough, I came into the office this morning to tens of emails from my “so-called” friends making fun of me. Sadly, since these emails weren’t offically spam, they weren’t blocked, like the Steelers linebackers, and I had to suffer through reading them.
Speaking of email spam (nice segue), Commtouch(CTCH), a leading provider of email defense systems, announced today that nine new companies licensed its email defense technology during the third quarter. The company had set a goal of 30 new deals for all of ‘07, and they are almost all the way there with another 3 months to go in the year.
The third quarter was another strong quarter in terms of new partners signed, continuing our earlier momentum,” said Gideon Mantel, Commtouch’s CEO. “One of our objectives for 2007 was to sign 30 OEM deals, and we have nearly achieved this target already at the end of Q3. These new agreements, together with our existing partner base, are laying the foundation for our future growth in 2008.”
This speaks volumes about Commtouch’s potential. With over 58% of end-user organizations seeking new anti-spam vendors, the opportunity for Commtouch to grab market share is very real. The continued momentum Commtouch is enjoying is proof that they really have a superior product.
Trading at about $2.00 a share, Commtouch looks like a nice play well into ‘08.
Please see our Disclaimer HERE.
Disclosure: Author’s fund is long CTCH as of 10/08/07.
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Aaron Katsman is the lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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