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1©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Cyren Cloud Security100% cloud. 100% better.
2©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
This presentation contains forward-looking statements, including projections about our business, within the meaning ofSection 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example,statements in the future tense, and statements including words such as "expect," "plan," "estimate," "anticipate," or"believe" are forward-looking statements. These statements are based on information available to us at the time of thepresentation; we assume no obligation to update any of them. The statements in this presentation are not guaranteesof future performance and actual results could differ materially from our current expectations as a result of numerousfactors, including business conditions and growth or deterioration in the Internet market, commerce and the generaleconomy, both domestic as well as international; fewer than expected new-partner relationships; competitive factors,including pricing pressures; technological developments, and products offered by competitors; the ability of our OEMpartners to successfully penetrate markets with products integrated with Cyren technology; a slower than expectedacceptance rate for our newer product offerings; availability of qualified staff; and technological difficulties andresource constraints encountered in developing new products, as well as those risks described in the text of thispresentation and the company's Annual Reports on Form 20-F and reports on Form 6-K, which are availablethrough www.sec.gov.
© 2016 Cyren. All rights reserved. Cyren, Recurrent Pattern Detection, RPD, Zero-Hour and GlobalView are trademarks, and Authentium, Command Antivirus and Command AntiMalware are registered trademarks of Cyren. U.S. Patent No. 6,330,590 is owned by Cyren. All other marks are the property of their respective companies.
Safe Harbor and Forward-Looking Statements
3©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Investor Value Proposition
Premier, Pioneering Cloud-based Cybersecurity Platform
Cyren’s integrated cloud-based security platform provides unsurpassed threat visibility and intelligence, analyzing billions of security events across hundreds of millions of users, and blocking millions of threats each day in email, web and DNS.
Significant Customers and Partners Highlight Technology Value
Cyren has many blue-chip partners and enterprise customers that rely on its technology to meet their critical cybersecurity challenges, including Google, Microsoft, Check Point, SAP, and Porsche.
Cloud-based Solutions are the Highest Growth Segment of the Cybersecurity Market
Cloud-based security offers superior performance across environments, with greater integratability, speed, and ease-of-use; high levels of investment and M&A activity—with robust valuations—underscore the value.
Expanding Upstream in the Security Value Chain
Cyren is fundamentally shifting from a provider of underlying security technology to a full service provider of SaaS securityservices, and increasing average revenue per user by an order of magnitude.
Cyren is a Scarce Asset
Cyren uniquely combines scale, advanced technology, proven infrastructure, momentum, and deep know-how to discover and remediate a myriad of cybersecurity threats.
4©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Cyren is trusted by some of the world’s leading companies
5©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Cyren - the world’s largest security cloud
DATA CENTERS
600M+Users protected
17B+Transactions daily
130M+Threats blocked daily
6©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
• Real-time categorization of botnets, URLs, IPs, spyware, scripts, etc.
• Highest detection of zero-hour malware and phishing
• Lowest false positives
• Real-time fingerprinting
• Inbound and outbound traffic
• Recurring pattern detection
• Reputation based on URLs, hosts, IPs, domains, registrants, and more
Cyren GlobalView™ Threat Intelligence Network
Collection Inspection Detection
• 17B daily transactions
• 600M users
• 600K local honeypots
• 190+ countries
• 40+ partner feed
• Web, email, and DNS traffic
Big data analytics classify cyber-threats in real time from massive volumes of Internet transactions
7©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
• Integrated, multi-tenant platform shares threat data across all customers, with centralized management/visibility
• 20+ security technologies power enterprise SaaS and partner suites
• Dramatically lower TCO from reduced infrastructure, operational, and maintenance costs
Web security
Email security
Cloud sandboxingDNS security
100% cloud security, protecting people from Internet threats.
Cyren Cloud Security Platform
Threat intelligence
8©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Cyren Cloud Security Platform
Web SecurityGateway
Enterprise SaaS Security Solutions
Email Security Gateway
CloudSandboxing
DNS SecurityGateway
Threat Intelligence Services
Email Security Services
Web Security Services
Advanced Threat Defense
GlobalViewTM Threat Intelligence Network
Cyren owns all of its detection engines, technology, and IP –a key differentiator in the security industry
100% cloud security, protecting people from Internet threats.
9©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Ente
rpri
se S
aaS
Secu
rity
Se
rvic
es
• Block web-borne threats
• Manage web usage
• Protect everyone, everywhere, on every device.
Cyren WebSecurity
• Block email-borne threats and spam
• Stop phishing, ransomware, and zero-day threats
• SaaS simplicity and low TCO
Cyren EmailSecurity
• Manage web usage
• Block malicious web and SSL sites• Easy to deploy protection for your business locations
Cyren DNS Security
• Advanced threat protection for web and email
• Block zero-day threats and evasive malware• Detailed forensic reporting
Cyren Sandboxing
Glo
bal
Vie
wTM
Thre
atIn
telli
gen
ce N
etw
ork
Cyren Cloud Security SuiteEnterprise SaaS security services protect users from Internet threats.
10©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Broad protection from advanced cyber threats
• Block malicious URLs
• Block malware and viruses
• Block phishing and botnet sites
• Block zero-day attacks
• Inspect SSL
• Identify infected devices
11©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Fastest time-to-protection in the industry
Cyren stops phishing attacks before other vendors even
know they exist
12©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Large Market Opportunity in Fast-Growing Cloud Segments
$11.0 B
$20.8 B CAGR
Source: Gartner, IDC, Frost & Sullivan, Markets & Markets
Cyren – Total Available Market
13.6%CAGR
5.6% Web Security Gateway
1.2% Email Security Gateway
17.4% Cloud Sandboxing
17.6% CASB
13©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
SMB
Enterprise SaaS Suite
<250Employees
SME
250-3000Employees
Enterprise
3000+Employees
Reseller partners
High-velocity SaaS sales model
Channel
Direct
Scalable go-to-market model
14©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
High-predictability cloud business model
SaaS Subscription Model
• Subscription, recurring revenue business
• 90%+ renewal rates
• No professional services or maintenance revenues
• Annual and 3 year subscriptions, paid in advance
• Average customer tenure > 5 years
• Billings amortized over contract term
Global Customer Base
• Diversified, horizontal customer base
• No customer concentration risk
• SaaS offerings enable cost-effective service to all segments
BillingModel
15©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
GAAP Revenue, YoY
Third Quarter 2016 Financial Comparison
$6,934
$7,902
$6,200
$6,700
$7,200
$7,700
$8,200
2015-Q3 2016-Q3
($ in thousands - GAAP)
+14%
GAAP Net Loss, YoY
-$1,330
-$975
-$1,500
-$1,000
-$500
$0
2015-Q3 2016-Q3
($ in thousands - GAAP)
-27%
Operating Cash Flow, QoQ
-$167
$428
-$300
-$100
$100
$300
$500
2016-Q2 2016-Q3
Cash Balance, QoQ
$12,968$12,438
$10,000
$11,000
$12,000
$13,000
$14,000
2016-Q2 2016-Q3
-$530
+$595
($ in thousands - GAAP)
($ in thousands - GAAP)
16©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
Trailing Revenue Growth
Revenue and Balance Sheet
$6,726
$6,934
$7,109
$7,411
$7,559
$7,902
$6,000
$6,200
$6,400
$6,600
$6,800
$7,000
$7,200
$7,400
$7,600
$7,800
$8,000
2015-Q2 2015-Q3 2015-Q4 2016-Q1 2016-Q2 2016-Q3
Balance Sheet (as of September 30, 2016)
Cash & Equivalents $12,438
Total Debt $0
Shares Outstanding 39,166,552
($ in thousands - GAAP)($ in thousands - GAAP)
+14% Year over Year
17©2014. CYREN Ltd. All Rights Reserved. Proprietary and Confidential.©2016 Cyren Ltd. All Rights Reserved. Proprietary and Confidential.
You can also find us here:
www.Cyren.com
Twitter.com/cyreninc
Linkedin.com/company/cyren
Thank You