Cyren Ceases Operations After Financing, Sale Efforts Fail

Liquidation Comes Three Weeks After Virtually Entire 121-Person Workforce Laid Off
Cyren plans to cease operations and pursue liquidation after the email security and threat detection vendor failed to sell assets or raise more capital. The company terminated the employment of all remaining workers, commenced a bankruptcy proceeding in Israel and told Nasdaq to delist the company.Read MoreDataBreachToday.com RSS Syndication