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Commtouch Software Ltd. (CTCH) Announces Brian D. Briggs As Replacement For Current CFO, Ron Ela

|Includes: CYREN Ltd. (CYRN)

Commtouch, a leading provider of Internet security technology and cloud-based services, yesterday announced that Brian D. Briggs will be appointed as CFO effective January 1, 2013. Briggs is set to replace current CFO Ron Ela.

Briggs previously served as executive vice president and CFO at SecureNet Payment Systems, a payment processing technology provider. With over 22 years of finance and operations experience, Briggs will be a valued asset for Commtouch, offering extensive expertise in profitability building in both public and private equity sectors, including leading an IPO and over four years of successfully serving as CFO of a publicly traded company. Prior to working for SecureNet, Briggs held several management roles at Custom Direct, Ashton-Potter, Ithaca Bancorp (now M&T Bank), and Emst and Young.

Briggs holds a degree in finance and economics from Cornell University and completed executive education programs at Harvard Business School, The Wharton School, Stanford Graduate School of Business, and Johnson School of Business - Cornell.

Briggs is set to lead Commtouch's finance and accounting, investor relations, and regulatory compliance functions, given his focus on operational excellence and strategic planning. Brigg's role will be integral in furthering Commtouch's growth through the delivery of private label cloud-based security solutions specifically designed for OEM and service provider markets.

"I am extremely pleased to announce the appointment of Brian Briggs as Chief Financial Officer," commented Shlomi Yanai, CEO at Commtouch. "As we continue our focus on our OEM business and the private labeling of cloud-based Security-as-a-Service solutions, ensuring strong leadership within our senior management team is key. With experience serving as a CFO of a publicly traded company, Brian brings the finance and operations background we need as we build upon our business. I welcome Brian to the Commtouch team."

"I believe Commtouch is uniquely positioned for sustained growth, and I am honored to become part of its senior management team," Briggs stated. "The company continues to leverage its powerful technology and extensive network of partners and customers. In taking the role of CFO, I look forward to helping lead Commtouch's strategic planning to ensure the ongoing success of its acquisitions, R&D and greatly expanded go-to-market strategies."

For more information on Commtouch, visit

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