Content

Tumbleweed acquires anti-spam appliance vendor

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

 

Get daily email updates

SC Media's daily must-read of the most current and pressing daily news

By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy.

You can skip this ad in 5 seconds