The acquisition valued Globalscape at approximately $217 million, a testament to the value of its technology and customer base. Today, the Globalscape brand lives on under the HelpSystems umbrella (recently rebranded to ), continuing to serve thousands of customers globally, including major players in the financial, healthcare, and government sectors.
While the term "file transfer" sounds utilitarian, Globalscape’s technology was anything but simple. Their solutions were designed to solve three specific problems that plagued large organizations:
Globalscape is a leading provider of secure file transfer and cybersecurity solutions, with a strong focus on security, compliance, and customer satisfaction. With a range of innovative products and solutions, Globalscape has established itself as a trusted partner for organizations seeking to safeguard their data and ensure seamless file transfers. As cybersecurity threats continue to evolve, Globalscape remains committed to providing cutting-edge solutions that meet the changing needs of businesses worldwide. globalscape security software company
However, the company has faced significant challenges. The cybersecurity market is notoriously volatile, and GlobalSCAPE operates in the shadow of larger competitors like IBM (with Aspera) and Progress Software (with MOVEit). The latter’s high-profile zero-day vulnerability in 2023, which exploited MFT software to breach hundreds of organizations, served as a stark reminder of the risks inherent in file transfer systems. For GlobalSCAPE, this event was both a warning and an opportunity—a chance to market its own security track record and robust patching protocols. In 2020, the company was acquired by HelpSystems (now Fortra), a private equity-backed security conglomerate. This acquisition provided GlobalSCAPE with greater R&D resources but also raised questions about brand independence.
Globalscape first gained mainstream fame with , one of the original and most popular File Transfer Protocol (FTP) clients for Windows and Mac. However, as data security requirements grew more complex, the company shifted its focus toward Managed File Transfer (MFT) . Their solutions were designed to solve three specific
Globalscape has received numerous awards and recognition for its secure file transfer solutions, including:
In August 2020, Globalscape was acquired by for approximately $217 million. Shortly after, HelpSystems rebranded as Fortra, integrating Globalscape's technology into a broader "triple-threat" defense strategy that includes data loss prevention (DLP) and data classification. Core Products and Solutions However, the company has faced significant challenges
Globalscape was more than just a software vendor; it was a staple of the San Antonio tech scene. The city is known for its cybersecurity prowess, partly due to the presence of the U.S. Air Force’s cyber command and the NSA’s Texas Cryptologic Center. Globalscape was a key player in this ecosystem, often cited as a prime example of a successful public cybersecurity company (trading on the NYSE under the ticker GSB) before its privatization.
Globalscape's customer base spans across various industries, including: