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Managing Editor

Postx to be Bought by Ironport

Nov 01, 20061 min
CSO and CISOData and Information Security

Looking to expand its security appliance offerings, IronPort Systems plans to acquire PostX, a vendor of e-mail encryption software.

The all-stock transaction is expected to close within the next “five or six weeks,” said Liz Landis, an IronPort spokeswoman. Specific terms of the deal were not disclosed, but PostX shareholders will receive about 7 percent of the combined company’s stock as a result of the deal, Landis said.

PostX’s software can be used to deliver encrypted e-mail to a user’s mail box without the use of any special client software to decrypt the message.

When the acquisition is completed, PostX’s 60 employees are expected to be relocated to IronPort’s San Bruno headquarters, Landis said. No layoffs are expected as a result of the acquisition.

IronPort will sell PostX’s e-mail encryption software under the PostX Secure Envelope brand.

Founded in 1999 and based in Cupertino, California, PostX counts the U.S. Postal Service, Visa USA, and Charles Schwab & Co. amongst its customers.

-Robert McMillan, IDG News Service (San Francisco Bureau)

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Managing Editor

Al Sacco was a journalist, blogger and editor who covers the fast-paced mobile beat for and IDG Enterprise, with a focus on wearable tech, smartphones and tablet PCs. Al managed writers and contributors, covered news, and shared insightful expert analysis of key industry happenings. He also wrote a wide variety of tutorials and how-tos to help readers get the most out of their gadgets, and regularly offered up recommendations on software for a number of mobile platforms. Al resides in Boston and is a passionate reader, traveler, beer lover, film buff and Red Sox fan.

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