Stock Watch: Tumbleweed Rolls on Mitsui Deal

Tumbleweed Communications Corp. (Nasdaq: TMWD) rose 2 to 34 1/8 Wednesday after Japan’s Mitsui & Co. picked the company to be its business partner in Japan.

President and Chief Executive Officer Jeffrey C. Smith said the partnership is “an important step toward establishing our Integrated Messaging Exchange platform as the standard for online business communications in Japan.” The market for secure online communications systems is growing in Japan, he said, “particularly in vertical markets such as finance and government.”

Tumbleweed provides secure e-mail services to businesses. Japanese clients already include Asia Securities Printing, Canon Sales, Daiwa, HP Japan, Hikari Tsushin, Matsushita, Nippon Telephone and Telegraph, and Toyo Information Systems.

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