July 20, 2005
Microsoft said it is buying FrontBridge Technologies, a secure email and messaging services provider, in a deal that sends a clear message that bolstering the security of the software giant’s products has become a top priority.
Microsoft declined to disclose any terms of the acquisition but an industry source estimated the deal was in the $150-million to $180-million range. Microsoft said it expects the deal to close by the end of September. Privately held FrontBridge offers outsourced services to companies in areas like email security, compliance, and disaster recovery.
More at Red Herring online
No comments:
Post a Comment