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Cyren Announces Global Reduction in Force; Liquidity Challenges

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03 Feb 2023 09:11 #102157 by bookit
Cyren the company behind DreyTek WCF is effectively out of business

https://ir.cyren.com/websites/cyren/English/5015/press-release.html?airportNewsID=631c3a77-555f-4a78-be5b-ec30c5cdaaac

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03 Feb 2023 11:16 #102159 by rolandrat
Yeah, i saw that to. WCF license due end of March, ill hold off on that renewal for now I think.

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06 Feb 2023 16:01 #102174 by simonh
Ooops, I just renewed mine!

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22 Feb 2023 15:00 #102237 by bookit
They have just posted

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.



https://ir.cyren.com/websites/cyren/English/3100/sec-filings.html

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22 Feb 2023 17:48 #102240 by bookit
Service status, all “Major Outage” “Unresolved incident: Cyren Announces Liquidation”.
https://status.cyren.com/

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24 Feb 2023 07:32 #102245 by simonh
So far, my filtering is still working!

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