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 critical infrastructure ops: be ready to isolate systems for three months

ASD to critical infrastructure ops: be ready to isolate systems for three months

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week

Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week

OpenAI's Hugging Face hack mixed technical brilliance with incoherent noise

OpenAI's Hugging Face hack mixed technical brilliance with incoherent noise

Log In

  |  Forgot your password?