CyberGuard Completes Webwasher Acquisition

The transaction, which was announced Monday, April 26, 2004, amounts to $40 million of which $8 million is in cash and the remainder in stock. There is additional earnout potential of $10 million in stock subject to Webwasher achieving certain revenue and profit targets through CyberGuard's fis...

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Bibliographic Details
Published inBusiness Wire p. 1
Format Newsletter
LanguageEnglish
Published New York Business Wire 29.04.2004
Subjects
Acquisitions & mergers
Content management
Internet
Linux
Network security
Software industry
United States > US
Fort Lauderdale Florida
FORT LAUDERDALE, Fla
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Summary:The transaction, which was announced Monday, April 26, 2004, amounts to $40 million of which $8 million is in cash and the remainder in stock. There is additional earnout potential of $10 million in stock subject to Webwasher achieving certain revenue and profit targets through CyberGuard's fiscal year ending June 30, 2005. CyberGuard anticipates that the transaction will be accretive to earnings per share. CyberGuard Corporation (Nasdaq:CGFW), the technology leader in network security, provides advanced Total Stream Protection(TM) solutions that protect the critical information assets of Global 2000 companies and governments worldwide. CyberGuard offers a broad line of scalable high performance firewall/VPN appliances, sophisticated security processors and accelerator products for the SSL and IPsec markets, and industry leading embedded Linux and Linux security solutions. Headquartered in Ft. Lauderdale, Florida, the company has branch offices and training centers around the world. More information about CyberGuard Corporation can be found at http:/ /www.CyberGuard.com.