Tumbleweed acquires anti-spam appliance vendor

By
Follow google news

Security messaging firm Tumbleweed has paid out $38.5 million for anti-spam firm Corvigo.

The deal will give Tumbleweed the rights to Corvigo's technology and access to more than 20 distributors across the US.


Corvigo is best known for its Linux-based anti-spam appliances, which Tumbleweed said would add to its range of secure internet messaging applications.

Under the deal, Tumbleweed will paid $3 million in cash and issued 4.7 million shares to acquire the Palo Alto-based company.

www.tumbleweed.com

 

Add iTnews as your trusted source

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © SC Magazine, US edition
Tags:

Most Read Articles

ASD to retire Essential Eight cyber security framework within next two years

ASD to retire Essential Eight cyber security framework within next two years

Fake IT worker threat spreads outside tech sector in Australia

Fake IT worker threat spreads outside tech sector in Australia

NAB builds integrated ops hub for threat intelligence

NAB builds integrated ops hub for threat intelligence

ASD draws a hard line on developers lacking security skills

ASD draws a hard line on developers lacking security skills

Log In

  |  Forgot your password?