From their recent 8-Q filing: "Following the Company’s unsuccessful efforts to sell its assets or raise more capital to continue its operations, on February 20, 2023, the board of directors of Cyren Ltd. (the “Company”) reached the conclusion that the Company is insolvent and lacks the funds to continue as a going concern. Accordingly, the Company’s board of directors resolved to cease all activities of the Company and its subsidiaries, terminate the employment of all remaining employees of the Company and its subsidiaries, apply for liquidation procedures of the Company in Israel by appointment of a third-party trustee, in accordance with applicable law, and commence applicable liquidation, assignment and/or insolvency proceedings for each of the subsidiaries of the Company."
MailChannels, Spamhaus and others are offering replacement service to those affected by the pending collapse of Cyren's services. I talked about MailChannels' offering here, and you can find more from Spamhaus here.
As previously suspected and expected, internet security company Cyren will be liquidating.
From their recent 8-Q filing: "Following the Company’s unsuccessful efforts to sell its assets or raise more capital to continue its operations, on February 20, 2023, the board of directors of Cyren Ltd. (the “Company”) reached the conclusion that the Company is insolvent and lacks the funds to continue as a going concern. Accordingly, the Company’s board of directors resolved to cease all activities of the Company and its subsidiaries, terminate the employment of all remaining employees of the Company and its subsidiaries, apply for liquidation procedures of the Company in Israel by appointment of a third-party trustee, in accordance with applicable law, and commence applicable liquidation, assignment and/or insolvency proceedings for each of the subsidiaries of the Company."
MailChannels, Spamhaus and others are offering replacement service to those affected by the pending collapse of Cyren's services. I talked about MailChannels' offering here, and you can find more from Spamhaus here.
[ H/T: Ken Simpson ]
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