Aug, 2010 : St. Bernard Software Announces Acquisition of Red Condor
📅 - Company enhances hybrid security offering and expands cloud-based service platform.
St. Bernard Software, Inc., a provider of web security appliances, yesterday announced the acquisition of substantially all assets of Red Condor, Inc., a provider of fully managed email security solutions.
The company states that the acquisition builds upon the success of its existing hybrid platform, which has served the SME market through a combination of high-performance appliances, software, and hosted security solutions. With the web security market expected to grow to $2.3 billion by 2012, and the protection of leading applications such as email and messaging remaining a primary concern across global enterprises of all sizes, the acquisition of Red Condor's managed security solutions is a natural extension of its product portfolio and business strategy.
It further states that as a result of the acquisition, the company will gain over 1,900 new customers as well as Red Condor's extensive ISP and MSP partner network. Its enhanced hybrid platform allows the company to extend new and unique value to subscribers of these previously under-served markets with a full suite of easy-to-use, cost-effective and scalable security solutions. The company adds that founded in 2004, Red Condor has approximately 35 employees and is headquartered in Rohnert Park, California.
"This acquisition milestone is a truly exciting time for both St. Bernard and Red Condor as it creates great opportunities for growth with our shared hybrid security vision," said Lou Ryan, President and CEO at St. Bernard. "The strategic match we have found in Red Condor establishes greater breadth and depth in our hosted, hybrid and on-premises options and increases the overall value to our customers and partners. With the integration of Red Condor's carrier-grade technology and platform, we are perfectly positioned to accelerate our growth engine and work with an increasing and diversified base of customers across multiple security solutions."
"Red Condor is widely recognized for the simplicity and scalability of its unique hybrid offerings," continued Ryan. "The Red Condor platform and the vision behind it, dovetail perfectly with St. Bernard's primary technology offering and reinforces our key attributes of value, simplicity, and performance."
St. Bernard Software, Inc., a provider of web security appliances, yesterday announced the acquisition of substantially all assets of Red Condor, Inc., a provider of fully managed email security solutions.
The company states that the acquisition builds upon the success of its existing hybrid platform, which has served the SME market through a combination of high-performance appliances, software, and hosted security solutions. With the web security market expected to grow to $2.3 billion by 2012, and the protection of leading applications such as email and messaging remaining a primary concern across global enterprises of all sizes, the acquisition of Red Condor's managed security solutions is a natural extension of its product portfolio and business strategy.
It further states that as a result of the acquisition, the company will gain over 1,900 new customers as well as Red Condor's extensive ISP and MSP partner network. Its enhanced hybrid platform allows the company to extend new and unique value to subscribers of these previously under-served markets with a full suite of easy-to-use, cost-effective and scalable security solutions. The company adds that founded in 2004, Red Condor has approximately 35 employees and is headquartered in Rohnert Park, California.
"This acquisition milestone is a truly exciting time for both St. Bernard and Red Condor as it creates great opportunities for growth with our shared hybrid security vision," said Lou Ryan, President and CEO at St. Bernard. "The strategic match we have found in Red Condor establishes greater breadth and depth in our hosted, hybrid and on-premises options and increases the overall value to our customers and partners. With the integration of Red Condor's carrier-grade technology and platform, we are perfectly positioned to accelerate our growth engine and work with an increasing and diversified base of customers across multiple security solutions."
"Red Condor is widely recognized for the simplicity and scalability of its unique hybrid offerings," continued Ryan. "The Red Condor platform and the vision behind it, dovetail perfectly with St. Bernard's primary technology offering and reinforces our key attributes of value, simplicity, and performance."
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