Welcome to our dedicated page for GLOBALSCAPE news (Ticker: GSB), a resource for investors and traders seeking the latest updates and insights on GLOBALSCAPE stock.
The GlobalSCAPE, Inc. (historical ticker: GSB) news page on Stock Titan provides an archive of company announcements and market communications from its time as a public packaged software company. These news items focus on GlobalSCAPE’s role in secure managed file transfer, data integration software, and its corporate developments, including the merger process with HelpSystems, LLC.
Readers can review press releases describing GlobalSCAPE’s business focus as a pioneer in securing and automating the movement and integration of data in, around, and outside organizations, and in and out of the cloud. News coverage also highlights how its data exchange and integration software and cloud services were used by global enterprises, governments, and small and medium enterprises that required secure and automated data movement.
A key theme in the historical GSB news flow is the company’s strategic transaction activity. Joint announcements with HelpSystems detail the signing of a definitive merger agreement for the acquisition of all outstanding GlobalSCAPE shares, the structure of the transaction as a tender offer followed by a merger, and the subsequent expiration of a go‑shop period during which alternative proposals were solicited. These items document how GlobalSCAPE progressed toward becoming part of HelpSystems’ broader security and automation offerings.
Because GlobalSCAPE agreed to be acquired, the GSB news feed serves primarily as a historical record rather than a source of ongoing corporate updates. Investors, researchers, and technology observers can use this page to examine how GlobalSCAPE presented its managed file transfer and data security positioning, how it communicated financial and strategic milestones, and how the acquisition process unfolded over time.
For those analyzing the evolution of managed file transfer and data security software providers, bookmarking this page offers a convenient way to revisit GlobalSCAPE’s public communications and trace the narrative that led to its combination with HelpSystems.
Digerati Technologies (OTC: DTGI) announced the passing of its Founder and CEO Arthur L. Smith on February 16, 2025. The company, which provides cloud services specializing in UCaaS solutions for the SMB market, is implementing leadership continuity measures following this loss.
Board Chairman Craig K. Clement, who had worked with Smith since 1988, shared memories of their collaborative efforts in communications technologies, including work with GlobalSCAPE (NYSE: GSB) and satellite-based communications during telecom deregulation throughout Latin America.
The Board of Directors will temporarily assume CEO responsibilities while an interim CEO is identified and appointed. This ensures continuity in leadership and maintains the strategic vision established under Smith's guidance.
Digerati Technologies operates through its subsidiary Verve Cloud, Inc., providing cloud PBX, telephony, WAN, call center, and mobile solutions to small businesses. The company has developed an integration platform to fuel mergers and acquisitions in its fragmented market.
Summary not available.
GlobalSCAPE (NYSE American: GSB) announced the expiration of its 35-day "go-shop" period related to its merger agreement with HelpSystems, LLC, for $9.50 per share in cash. The process involved contacting 186 parties, with 8 engaged, but no alternative proposals were received. Following this, GlobalSCAPE is subject to "no-shop" restrictions, limiting further solicitation of offers. The tender offer commenced on July 31, 2020, and is set to expire on August 27, 2020. Stockholders are advised to read all relevant materials regarding the proposed acquisition carefully.
GlobalSCAPE, Inc. (NYSE American: GSB) reported its fiscal second-quarter results for 2020, revealing a revenue of $10.0 million, a 2% decline from $10.3 million in Q2 2019. Gross margin decreased to 84%, with $8.4 million reported. Operating expenses saw a 4% increase to $4.3 million. Net income fell by 4% to $3.5 million, translating to $0.18 EPS compared to $0.20 a year earlier. Adjusted EBITDA was $5.0 million, down from $5.6 million. Additionally, GlobalSCAPE announced a definitive merger agreement with HelpSystems for $9.50 per share.
On July 20, 2020, GlobalSCAPE announced a definitive merger agreement with HelpSystems, where HelpSystems will acquire all outstanding shares of GlobalSCAPE for $9.50 per share in cash, reflecting a 16% premium over its previous closing price. The transaction is valued at approximately $217 million and aims to strengthen HelpSystems' cybersecurity offerings. The merger has been unanimously approved by both companies' boards and is subject to stockholder approval, regulatory approvals, and customary conditions. A go-shop period ends on August 24, 2020.
