M&A Deal Summary

Fortra Acquires Globalscape

On July 20, 2020, Fortra acquired software company Globalscape for 217M USD

Acquisition Highlights
  • This is Fortra’s 11th transaction in the Software sector.
  • This is Fortra’s largest (disclosed) transaction.
  • This is Fortra’s 10th transaction in the United States.
  • This is Fortra’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-07-20
Target Globalscape
Sector Software
Buyer(s) Fortra
Deal Type Merger
Deal Value 217M USD
Advisor(s) Stephens Investment Banking (Financial)
Olshan Frome Wolosky (Legal)

Target

Globalscape

San Antonio, Texas, United States
Globalscape is a provider of secure information exchange software solutions. Globalscape's data exchange and integration software and cloud services are trusted by thousands of customers worldwide, including global enterprises, governments, and small and medium enterprises. Globalscape was founded in 1996 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Fortra

Eden Prairie, Minnesota, United States
Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 14 of 25
Sector (Software) 11 of 14
Type (Merger) 1 of 1
State (Texas) 1 of 3
Country (United States) 10 of 18
Year (2020) 3 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 TITUS

Ottawa, Ontario, Canada

TITUS solutions enable organizations to discover, classify, protect, analyze, and confidently share information. Organizations can use TITUS products to meet regulatory compliance requirements by identifying and securing unstructured data – on the desktop, on mobile devices, and in the cloud. Millions of users in over 120 countries around the world trust TITUS to keep their data compliant and secure. Its customers include Safran Morpho, United States Air Force, NATO, Pratt and Whitney, and Canadian Department of National Defence. TITUS was formed in 2005 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 VERA Security

Palo Alto, California, United States

Vera is the data-centric security solution leader enabling businesses of all sizes to secure, track, and share any kind of data, no matter where it's stored or located. With robust policy enforcement, strong encryption, and strict access controls, Vera's data-centric security solution enables employees to collaborate freely while ensuring a high level of security, visibility, and control. VERA Security was founded in 2014 and is based in Palo Alto, California.

Buy -
Mergr

Product

Company

Legal