Tumbleweed Communications

Last updated
Tumbleweed Communications Corp.
Company typePublicly traded
Industrysecurity solutions for internet commerce
Founded1993;31 years ago (1993)
Headquarters
RevenueUS $57.5M (2007)

Tumbleweed Communications Corp. provided secure messaging and secure file transfer solutions for enterprise and government customers. [1] The company became a publicly traded company in 1999, trading on the NASDAQ stock exchange under the symbol TMWD. [2] Tumbleweed Communications merged with Axway, a subsidiary of Sopra Group, in 2008 [3] .

Contents

Tumbleweed products were used to block security threats, protect information, and conduct business online. Tumbleweed provided solutions for inbound and outbound email protection, secure file routing, and identity validation that allow organizations to conduct business over the Internet. Tumbleweed offered these solutions in three product suites: MailGate, SecureTransport, and Validation Authority. MailGate provides protection against spam, viruses, and attacks, and enables policy-based message filtering, encryption, and routing. SecureTransport enables customers to safely exchange large files and transactions without proprietary software. Validation Authority determines the validity of digital certificates.

Tumbleweed had approximately 2,300 enterprise and government customers. Their market focus had been in the financial services, health care, and government.

Merger

Revenue

In 2005, Tumbleweed earned approximately $US 50 million in gross revenue from the sale of their products and services. Of that, approximately $US 3 million was from licensing their patents. [7]
In 2006, Tumbleweed reported $US 62 million in revenue, with revenue growth over one year of 24%. [8] In 2007, Tumbleweed reported $US 57.50 million in revenue, with revenue growth over one year of -7.30%. [8]

Awards

In January 2007, Tumbleweed's MailGate 5550 was named SC Magazine ’s Best of 2006 "Recommended" award in the Anti-Spam category. [9]

Patents

Tumbleweed has a patent portfolio including 22 utility patents [10] and one issued US design patent.

US patent 6192407 is one of several owned by Tumbleweed that relates to document delivery systems that generate a unique URL for intended recipients of a document in order to deliver that document. Tumbleweed has licensed this and related patents in their patent portfolio to 29 companies. [11] They filed several patent infringement lawsuits. Those that have been sued include:

Overall, Tumbleweed earns about 6% of its revenue from patent licensing.

Competitors

Major competitors of Tumbleweed included: [16]

Representative customers

Representative customers of Tumbleweed included: [17] [ unreliable source? ]

See also

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References

  1. Tumbleweed SEC 10Q filing, For the quarterly period ended September 30, 2006, US government publication
  2. "IPO Roundup: Tumbleweed priced to brave the market, Datalink offers a discount". CNET. Retrieved 2024-07-08.
  3. "exhibit99-1.htm". www.sec.gov. Retrieved 2024-07-08.
  4. "$pam, $pam, lovely $pam - Mar. 29, 2004". money.cnn.com. Retrieved 2024-07-08.
  5. "Press Release dated February 18, 2003". www.sec.gov. Retrieved 2024-07-08.
  6. "Form S-4". www.sec.gov. Retrieved 2024-07-08.
  7. Tumbleweed 2005 10k SEC form
  8. 1 2 "Tumbleweed Communications Corp. Company Profile" . Retrieved 2008-03-21.
  9. Tumbleweed named in SC Magazine best of 2006 Award, Tumbleweed Press Release January 10, 2007
  10. List of US patents issued to Tumbleweed
  11. Tumbleweed patent licensees
  12. eBay, Tumbleweed settle patent suit
  13. Hallmark Settles Online Greeting Card Lawsuit
  14. Morrison and Foerster's Patent Litigation > Pending Cases (archived in 2007)
  15. Tumbleweed Settles URL Lawsuit
  16. Hoovers Inc. profile of Tumbleweed Communications March 12, 2007
  17. "Tumbleweed Partners with Child Health Corporation of America to Deliver Comprehensive Secure Messaging Solutions to Children's Hospitals". Tumbleweed. Archived from the original on 2008-02-21. Retrieved 2008-07-24.