More on Watchguard’s BorderWare Acquisition, Fortinet Late Bid

The terms were not disclosed regarding WatchGuard Technologies’ acquisition of BorderWare, which was announced earlier this month.

But I have additional details in hand, and can reveal that the WatchGuard acquired BorderWare for $7.9 million.

Additionally, WatchGuard assumed some financial obligations pertaining to 50 BorderWare employees who will remain in the fold subsequent to the acquisition. In the press release (cited in the above paragraph) announcing the deal, WatchGuard states that BorderWare had 90 employees.

Interestingly, Fortinet expressed belated interest in BorderWare, but the former already was involved in a strategic transaction — probably relating to Woven — and could not commit to closing a deal for BorderWare within the time limits imposed by BorderWare’s increasingly anxious financial backers.

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