St. Bernard, primarily known for its iPrism web filter serving the SME market, snapped up Red Condor of Rohnert Park, Calif. For its part, Red Condor had focused on hosted email spam filtering products, with a reported staff of 35 employees at its California headquarters.
As a result of the deal, St. Bernard said it has acquired “substantially all assets” of Red Condor in an effort to bolster the email/messaging security side of its hybrid security products – along with more than 1900 current Red Condor customers.
Lou Ryan, president and CEO of St. Bernard, called the transaction a “milestone” for his company.
“The strategic match we have found in Red Condor establishes greater breadth and depth in our hosted, hybrid and on-premises options”.
The deal was entered on July 28 and closed on August 2, with a price tag that could reach $3.5 million according to documents filed with the SEC.