GFI Software has acquired Sunbelt Software and is particularly excited about its VIPRE product suite. The buy allows GFI to merge VIPRE technology into its e-mail security and Web security solutions group, prividing the company with new security products consisting of what it calls world-class, innovative technology. The assets of Sunbelts software distribution business will be divested into a separate entity and the company is exploring other strategic partnerships. Terms were not disclosed.
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 Sunbelts 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 GFIs strategic vision to consolidate our products and grow our business, said Walter Scott, GFIs CEO.
Furthermore, Sunbelts 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, 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.