Tumbleweed Positioned in Leaders Quadrant of 2008 Magic Quadrant for Managed File Transfer
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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.