March 18, 2013 - 12:00
GFI Software today announced plans to spin off its security technology business unit – comprising the VIPRE® family of antivirus products and high-end antimalware intelligence solutions SandBox™ and ThreatTrack™ – to establish ThreatTrack Security Inc. This will enable GFI Software to increase its focus on its core collaboration, IT infrastructure, managed service provider and cloud services for small and medium-sized businesses. ThreatTrack Security will increase its development and marketing efforts in support of its high-end antimalware solutions for consumers and enterprises.
The CEO of ThreatTrack Security will be Julian Waits, who is currently general manager of the security business unit. The company will continue to be based in Clearwater, Fla.
“The strategic separation of our VIPRE, SandBox and ThreatTrack products creates increased bandwidth and flexibility for GFI to focus on our core market and to deliver enterprise-quality IT solutions to small and medium-sized businesses,” Walter Scott, CEO of GFI Software, said. GFI will continue to deliver VIPRE technology via its GFI MAX, GFI MailEssentials and GFI WebMonitor brands.
“As an independent company, we look forward to strengthening our business and providing ongoing support for our existing customers, while being able to respond and react faster in the ever-changing security market,” Julian Waits said. “This is a great opportunity for our security business, our customers and our partners.”
GFI Software develops more than 15 quality IT solutions for small and medium businesses (SMBs) that typically have fewer than 1,000 users. The GFI MAX cloud service enables Managed Service Providers (MSPs) to deliver superior services to GFI’s expanding customer base of more than 200,000 companies. The GFI product line also includes collaboration, anti-spam, patch management, faxing, mail archiving and web monitoring. GFI is a channel-focused company with thousands of partners throughout the world. The company is the recipient of numerous awards and industry accolades, and is a long time Microsoft Gold ISV Partner.