Tumbleweed Press Releases
Tumbleweed Ranked Among Top 50 Silicon Valley Mergers
Tumbleweed-Valicert Merger Ranked As 37thLargest Merger or Acquisition By Silicon Valley Business Ink Magazine
Redwood City, CA - December 17, 2003 - Tumbleweed® Communications Corp.(Nasdaq:TMWD), a leading provider of mission-critical Internet communications software for enterprises, financial services organizations and government, today announced that its merger with Valicert has been recognized as one of the "Top 50 Tech Mergers and Acquisitions" by Silicon Valley Business Ink Magazine.
The Tumbleweed-Valicert merger ranked 37th out of the 50 top technology mergers and acquisitions tracked by Silicon Valley Business Ink. The merger was completed on June 23, 2003. Companies selected for this year's Top 50 list represented a wide range of high tech segments including Internet, telecommunications, IT, semiconductors, software, hardware and networking.
"We are proud to be recognized by Silicon Valley Business Ink Magazine as completing one of the top Bay Area high tech mergers," said Jeff Smith, Chairman and CEO of Tumbleweed Communications. "Tumbleweed continues to reap great benefits from the merger by providing our customers with a one-stop shop for their mission-critical Internet communications needs, including anti-spam, secure email, validation authority and secure file transfer."
The combined company now services over 700 enterprise customers, including:
- Over 100 of the Fortune 500
- 100+ Financial Institutions & Processors
- 9 of the Top 10 US Banks
- 24 Blue Cross Blue Shield Plans
- 15 state governments
- All Military Branches
About Tumbleweed Communications Corp.
Tumbleweed is a leading provider of mission-critical Internet communications software products for enterprises, financial services organizations and government. By making Internet communications secure, reliable and automated, Tumbleweed's email firewall, secure file transfer, secure email, and identity validation solutions help customers significantly reduce the cost of doing business. Tumbleweed products are used by millions of end-users and tens of thousands of corporations. Tumbleweed customers include ABN Amro, Bank of America Securities, Catholic Healthcare West, JP Morgan Chase & Co., The Regence Group (Blue Cross/Blue Shield), Society for Worldwide Interbank Financial Telecommunication (SWIFT), St. Luke's Episcopal Healthcare System, the US Food and Drug Administration, and the US Navy and Marine Corps. Tumbleweed Communications 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.
SAFE HARBOR STATEMENT
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 features, advantages, and performance characteristics of the Tumbleweed's MMS email firewall and Secure Redirect 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 June 4, 2003, Form 10-Q filed November 14, 2003, and Form S-3/A filed November 18, 2003.
Tumbleweed assumes no obligation to update information contained in this press release, including for example its guidance regarding its future performance, which represents the Company's expectations only as of the date of this release and should not be viewed as a statement about the Company's expectations after such date. Although this release may remain available on the Company's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.
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Contact:
Atomic PR
James Hannon
415/703-9454
james@atomicpr.com
Copyright 2001-2004
Tumbleweed Communications Corp.
All Rights Reserved
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