Cyren, a provider of a cloud security platform for email, web and DNS, generated revenue of $7.6 million in the third quarter, compared to $7.9 million during the same period in 2016.
In addition, the firm posted a GAAP net loss of $3.6 million, versus $1 million in the third quarter last year.
However, the company claims that it has pulled in 60 new customers, and that its average new order size has leaped by 250%.
This follows the news last week that private equity firm Warburg Pincus had purchased 10.6 million shares -- 21.3% of Cyren’s shares, yielding proceeds of $19.6 million.
In addition, Warburg Pincus announced a tender offer to acquire up to 75% of Cyren’s partially diluted outstanding shares.
Cyren recently released version 4.2 of its CCS platform, adding email archiving to its email security, web security, DNS security, and cloud sandboxing services.