SOURCE: GFI Software Ltd

August 16, 2007 10:05 ET

GFI Software Makes Strategic Technology Acquisition

Technology Will Extend Functionality and Market Reach of GFI MailArchiver, a Price-Performance Leader in the Email Archiving Market

LONDON--(Marketwire - August 16, 2007) - GFI Software, an international developer of network security, content security and messaging software, today announced a strategic technology acquisition that will allow the company to achieve a steeper growth curve in the expanding email archiving market. This technology will allow GFI to extend the functionality of its email archiving solution, GFI MailArchiver and to service a much larger customer base.

GFI MailArchiver is one of the leading email archiving products on the market, giving SMB customers excellent performance at a price that takes into consideration the average SMB's limited IT budget. Through the acquisition of XEmplifyIT's technology, GFI will now be in a position to service a much larger customer base and offer additional functionality -- such as the migration of cumbersome PST files into GFI MailArchiver and auditing -- yet without raising the price proportionally.

The email archiving market is experiencing rapid growth for various reasons: Companies need to heavily reduce the amount of space required to store emails as well as decreasing their reliance on PST files, they need to ensure central archiving of all company email, and they have to meet strict and varied compliance regulations such as Sarbanes-Oxley in the US.

By 2008, approximately 75% of US companies are expected to be using some form of archiving solution, up from 20% in 2005. According to Osterman Research, "The growing use and importance of email and Instant Messaging means that more of these records are being transmitted through these messaging systems, increasing the importance of messaging archiving as a critical business function for most organizations."

GFI believes that through this strategic technology acquisition, it will now offer scalability for 1000+ mailboxes and keep the product's total cost of ownership low on larger installations. Furthermore, it will allow GFI to continue to build on its position as a price-performance leader in this sector. By maintaining an unbeatable price-performance ratio, GFI MailArchiver is an affordable solution for the majority of SMBs who do not have extensive IT budgets -- yet without compromising functionality or performance.

"According to Gartner, the email archiving market is estimated to grow to $921m by 2010. This strategic technology acquisition is part of our long-term strategy to use cutting-edge technology to constantly improve our product range and provide comprehensive and robust solutions to the SMB market," Curtis H. Staker, Chairman and CEO at GFI said. "GFI MailArchiver is a formidable solution and the technology we have acquired will strengthen our position as price-performance leader and allow us to achieve a steeper growth curve in the expanding email archiving market," he added.

About GFI MailArchiver for Exchange

GFI MailArchiver for Exchange is an easy-to-use email archiving solution that enables all internal and external mail to be archived either into a single or multiple MS SQL Server databases or else directly to an NTFS disk. This allows administrators to provide users with easy, centralized access to past email via a web-based search interface. GFI MailArchiver for Exchange leverages the journaling feature of Exchange Server 2000/2003 and therefore provides unparalleled scalability and reliability at a competitive cost. More information about GFI MailArchiver and a trial version are available at http://www.gfi.com/mailarchiver/.

About GFI

GFI is a leading software developer that provides a single source for network administrators to address their network security, content security and messaging needs. With award-winning technology, an aggressive pricing strategy and a strong focus on small-to-medium sized businesses, GFI is able to satisfy the need for business continuity and productivity encountered by organizations on a global scale. Founded in 1992, GFI has offices in Malta, London, Raleigh, Hong Kong, Adelaide and Hamburg which support more than 200,000 installations worldwide. GFI is a channel-focused company with over 10,000 partners throughout the world. GFI is also a Microsoft Gold Certified Partner. More information about GFI can be found at http://www.gfi.com.

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