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.
GlobalSCAPE Inc. (GSB) delivers enterprise-grade solutions for secure data exchange and managed file transfer, serving organizations worldwide since 1996. This news hub provides investors and professionals with timely updates on operational developments, regulatory compliance initiatives, and strategic partnerships central to the company's mission.
Access authoritative reporting on GSB's financial performance, product innovations in secure file sharing, and cloud integration advancements. Our curated collection includes earnings announcements, leadership updates, cybersecurity enhancements, and industry-specific solution deployments.
Key coverage areas include automated data exchange systems, compliance with evolving data protection standards, and technological adaptations addressing enterprise security needs. Bookmark this page for streamlined tracking of GSB's progress in enabling secure digital communications across regulated industries.
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.
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.
