July 13, 2010
GFI Software Enhances its Security Product Offering with the Acquisition of Sunbelt Software
The company’s VIPRE technology will allow GFI to offer its own established antivirus product
GFI Software, a market leading provider of software infrastructure products for small and medium-sized enterprises, announced today that it has acquired Sunbelt Software and specifically its VIPRE® product suite. Terms of the transaction were not disclosed. The acquisition will allow GFI to merge VIPRE technology into GFI’s email security and web security solutions group, and will provide GFI with new security products consisting of world-class and innovative technology. The assets of Sunbelt's software distribution business, started over 16 years ago and separate from the technology side of the company (focused on selling DoubleTake high-availability software), will be divested into a separate entity and the company is exploring other strategic partnerships.
“Over the past several years, we have looked extensively for the best technologies, the best developers and the best management teams that will allow us to expand our current product offerings and to provide the best service we can to our customer base. We were impressed by the high quality and innovative technology that underlies Sunbelt’s VIPRE line of products and immediately saw strong synergies between the two companies. We have acquired a good, growing and cash-flow positive business that fits well within GFI’s strategic vision to consolidate our products and grow our business,” said Walter Scott, GFI’s CEO.
“Furthermore, Sunbelt’s technology is backed by a reliable, committed customer support team that provides great service – something so important for us. We see this investment in Sunbelt and its VIPRE technology as an excellent opportunity to increase our install base, drive the software globally through our international partner channel and also build our consumer market, which has a powerful drag-along effect on the SME and SoHo markets,” Mr. Scott added.
“The technologies developed by both companies are highly complementary and I have a hard time imagining a better combination,” said Alex Eckelberry, CEO of Sunbelt Software. “Additionally, GFI and Sunbelt are rooted in similar business principles, with similar markets and a commitment to superlative customer service.”
About Sunbelt Software
Headquartered in Tampa Bay (Clearwater), Fla., USA, Sunbelt Software is a leading provider of Windows security software including enterprise antivirus, antispyware, email security, and malware analysis tools. Leading products include the VIPRE® and CounterSpy® product lines, Sunbelt Exchange Archiver™, CWSandbox™, and ThreatTrack™.
GFI Software provides a single best source of web and mail security, archiving and fax, networking and security software and hosted IT solutions for small to medium-sized enterprises (SME) via an extensive global partner community. GFI products are available either as on-premise solutions, in the cloud or as a hybrid of both delivery models. With award-winning technology, a competitive pricing strategy, and a strong focus on the unique requirements of SMEs, GFI satisfies the IT needs of organizations on a global scale. The company has offices in the United States (North Carolina and California), UK (London and Dundee), Austria, Australia, Malta, Hong Kong and Romania, which together support hundreds of thousands of installations worldwide. GFI is a channel-focused company with thousands of partners throughout the world and is also a Microsoft Gold Certified Partner.