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Seattle's TappIn sold for $9 mil
Posted by Brier Dudley
File-sharing startup TappIn is dancing the two-step today after being acquired by San Antonio-based GlobalSCAPE for $9 million.
All eight employees of TappIn will remain in Seattle, working on the company's software for sharing and accessing PC files from mobile phones and tablets.
TappIn shareholders may receive up to $8 million more from the deal if revenue and product development targets are met over the next three years.
The company, formerly known as HomePipe Networks, was started in 2009 by veterans of Aventail. Chief Executive Chris Hopen was formerly Aventail's co-founder and chief technical officer, and TappIn CTO and co-founder Parvez Anandam earlier worked for Aventail, Microsoft and Symantec.
GlobalSCAPE is a publicly traded company offering file transfer software and services to businesses and consumers.
"Combining GlobalSCAPE's leadership in secure information exchange with TappIn's strength in secure digital content mobility allows us to deliver a powerful solution for consumers and businesses," GlobalSCAPE Chief Executive Jim Morris said in the release.
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