: The acquisition was described as Fortra's largest at the time, aimed at creating a "triple-threat defense" against cybersecurity risks by combining the capabilities of GlobalSCAPE, GoAnywhere MFT, Titus, and Boldon James. Globalscape +2 Key Details of the Deal Feature Details Purchase Price $9.50 per share in cash Completion Date August 28, 2020 Core Product Enhanced Managed File Transfer (MFT) solutions Strategic Goal To secure and automate data movement across hybrid cloud environments Kate Bolseth's Leadership at Fortra 14 sites HelpSystems Completes Tender Offer to Acquire ... Aug 28, 2020 —
In August 2020, HelpSystems acquired Globalscape for approximately . This was a strategic move to dominate the Managed File Transfer (MFT) market. Exclusive: HelpSystems CEO on why it bought Globalscape kate+bolseth+globalscape
The acquisition moved Globalscape from a public entity to a private one, aligning it with Bolseth's vision of creating a comprehensive, streamlined cybersecurity platform. Kate Bolseth: A Leader in Cybersecurity : The acquisition was described as Fortra's largest
Kate Bolseth and the Evolution of Globalscape Kate Bolseth is a veteran technology leader whose tenure as CEO of Fortra (formerly HelpSystems) has been defined by aggressive growth and the strategic integration of cybersecurity solutions. A pivotal moment in this journey was the 2020 acquisition of , a leader in secure managed file transfer (MFT) solutions, which significantly bolstered the company's data security portfolio . The Strategic Acquisition of Globalscape This was a strategic move to dominate the