zvelo Focused on Secure Web Filtering for OEMs
Broomfield, Colo. – September 29, 2010 – eSoft, Inc., a leader in secure web filtering, today announced that its Board and shareholders representing a majority of its outstanding shares have agreed to a sale of the assets associated with its UTM Internet security appliance offerings (InstaGate™, ThreatWall™, ThreatPaks™ and SoftPak Director™) to eSoft Acquisition Limited (EAL) for an undisclosed cash amount.
eSoft, Inc. will retain all of the assets and intellectual property associated with its SiteFilter secure web filtering offering. In addition, the eSoft Board and shareholders have agreed to a name change from eSoft, Inc. to zvelo®, Inc., effective immediately. In connection with the sale of the UTM assets and name change, zvelo has moved its headquarters to Greenwood Village, Colorado.
zvelo is focused on providing SiteFilter offerings through OEM licensing partnerships. Since its introduction in 2008, the SiteFilter™ offering has emerged as the leading OEM solution for secure web filtering. SiteFilter combines superior coverage of the ActiveWeb (the areas of the web users are actively visiting), excellent accuracy, zero-hour malicious website detection and protection, cloud or “on disk SDK” deployment options, and flexible pricing models. Additionally, SiteFilter’s exclusive category mapping capability allows OEM partners to eliminate policy and reporting changes when converting from an existing web filtering supplier to the SiteFilter offering, making for a seamless and transparent migration for end users.
SiteFilter can be quickly and easily deployed in a wide range of OEM environments, including mobile service providers, endpoint security products, UTM or other gateway appliances, MSSPs, SaaS offerings, parental control and family-oriented solutions, and more.
“We are very excited about today’s announcements,” said Jeff Finn, CEO of zvelo, Inc. “The UTM business will benefit from the EAL investments in sales and marketing, while zvelo receives the capital needed to scale the SiteFilter business to accommodate the significant growth being experienced. Additionally, zvelo can now focus exclusively on the SiteFilter OEM business.”
Cash from the sale of the UTM business assets will be used to fund working capital and to support the growth of the business. Shareholders of eSoft, Inc. automatically become shareholders in zvelo and retain their current share ownership and the CUSIP number will remain the same.
zvelo (pronounced “zee vee low”) combines the rich history of a network security pioneer with the energy and enthusiasm of a start-up. zvelo’s team of more than 150 people is committed to providing the leading secure web filtering database, categorization technologies, and malicious website protection for the OEM market. zvelo is exclusively focused on licensing the SiteFilter technology through OEM relationships with mobile service provider, endpoint security, UTM appliance, and other high-growth market segments where real-time protection against Web 2.0 threats is required. More information is available at www.zvelo.com.