eSoft Sells Assets Of Security Appliance Business, Becomes zvelo
Broomfield, Colorado-based eSoft said Wednesday afternoon that it has sold off the assets associated with its UTM Internet security appliance (InstaGate, ThreatWall, ThreatPaks and SoftPak Director) to a new firm, eSoft Acquisition Limited. Financial terms of the sale were not disclosed. According to eSoft, the remainder of the company--specifically, its SiteFilter secure web filtering offering--will remain, but will be renamed immediately to zvelo. As part of the sale and name change, zvelo will move its headquarters to Greenwood Village. zvelo said the sale of eSoft's UTM business assets will go towards working capital and growth, with shareholders of eSoft becoming shareholders in zvelo, and retaining current share ownership.
posted on Wednesday, September 29, 2010
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