Tumbleweed acquires Valicert

Security solutions provider Tumbleweed Communications Corp., Redwood City, Calif., completed its acquisition of Valicert Inc. of Mountain View, Calif.

The sale is estimated to be valued at $14.3 million. Under terms of the deal, each Valicert share of common stock was converted into 0.385 of a share of Tumbleweed stock.

Tumbleweed sells firewalls, spam filters and message encryption solutions. Tumbleweed's government customers include the Food and Drug Administration, the Marine Corps, the Navy and the Postal Service. For 2002, it reported $25.5 million in revenue and a $20.9 million loss, according to Hoover's Online of Austin, Texas. It employs about 130 people.

Valicert sold authentication software for file transfers. Its government customers included the state of Washington and agencies within the Defense Department. For 2002, the company reported $12.2 in revenue, with a net loss of $21.7 million.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.