Tuesday, January 10, 2017

GlobalSCAPE's Principal Shareholders Sell 15 Percent Of Company

San Antonio-based GlobalSCAPE, which develops secure file transfer software, said late Monday that its principal shareholders--Thomas W. Brown and David L. Mann--have sold 15 percent of the company to Dallas-based private investment vehicle 210 Capital, LLC. According to the company, 210 Capital paid $3.88 per share for its stake in the company. 210 Capital is a private investment vehicle for the personal investments of a number of un-named, Dallas-based institutional investors, according to GlobalSCAPE. The company said that Brown now owns 12 percent, and Mann owns 7 percent of the company's outstanding stock. GlobalSCAPE CEO Matt Goulet said that Brown, 73, and Mann, 67 "essentially founded Globalscape when they purchased their stock positions in 2002."