Shares of Tumbleweed Communications Corporation (TMWD) Continue Rise on Announcement of New Channel Partner Agreements
Trading volume for Tumbleweed Communications Corporation (NASDAQ: TMWD), a global provider of e-mail firewall and secure messaging application software solutions, climbed more than 14 percent earlier this week after the company announced the general availability of its FTP Analyzer to its channel partners. Tumbleweed’s products enable organizations to effectively manage and protect business-critical Internet communications, including secure file transfer, encryption, data loss prevention and email security capabilities. According to Tumbleweed’s first quarter earnings report, the company plans to restructure operations and transition its distribution model from direct sales to a distribution model with an emphasis on sales through channel partners.…