Web filtering specialist eSoft has offloaded its UTM appliance line for a undisclosed cash amount to eSoft Acquisition Limited.
The deal has been backed by shareholders and the board and means eSoft will change its name to zvelo continuing to sell its SiteFilter product.
The UTM market has been hit by the recession but the latest figures, issued yesterday from IDC, indicated that the product segment had bounced back to growth.
There has been consolidation throughout the last few years and Jeff Finn, CEO of zvelo said that the deal benefited both itself and the new owners.
"The UTM business will benefit from the EAL investments in sales and marketing, while zvelo receives the capital needed to scale the SiteFilter business," he said.