FOR IMMEDIATE RELEASE GlobalTech Corporation Announces Successful Completion of DataSecure Systems Acquisition SAN JOSE, CA - March 18, 2025
GlobalTech Corporation (NYSE: GLTC), a premier provider of enterprise technology solutions, today announced the successful completion of its acquisition of DataSecure Systems, a leading cybersecurity and data protection company. The transaction, valued at $2.3 billion, was first announced on November 12, 2024, and has now received all necessary regulatory approvals and shareholder votes required for closing.
The acquisition strengthens GlobalTech's position in the rapidly expanding cybersecurity market, which industry analysts project will reach $345 billion globally by 2028. DataSecure brings a portfolio of advanced threat detection and response technologies, along with proprietary encryption algorithms that have been adopted by over 1,200 organizations worldwide, including 47 Fortune 500 companies. The combined entity will serve more than 15,000 enterprise customers across 82 countries.
"This acquisition represents a pivotal moment in GlobalTech's strategic evolution," stated Marcus Rodriguez, Chief Executive Officer of GlobalTech. "DataSecure's innovative security solutions perfectly complement our existing infrastructure management capabilities. Together, we can offer clients a comprehensive, end-to-end security framework that addresses the increasingly sophisticated cyber threats facing modern enterprises. We anticipate this combination will generate annualized revenue synergies exceeding $180 million within three years."
Dr. Sarah Chen, founder and former CEO of DataSecure, will join GlobalTech's executive leadership team as Senior Vice President of Cybersecurity Innovation, reporting directly to Mr. Rodriguez. "Joining forces with GlobalTech provides DataSecure with the resources and global reach necessary to scale our solutions and accelerate product development," Dr. Chen commented. "Our shared commitment to protecting critical business assets and customer data makes this partnership exceptionally compelling. I am excited about the opportunities that lie ahead for our combined team."
The integration process is expected to be completed over an 18-month period. DataSecure's 780 employees will be retained, and the company's headquarters in Austin, Texas, will be maintained as GlobalTech's Center of Excellence for Cybersecurity Research and Development. Customer contracts and service agreements will remain unchanged, and both companies have established dedicated integration teams to ensure seamless transition for all stakeholders.
Financial advisors JPMorgan Chase and Credit Suisse advised GlobalTech on the transaction, while DataSecure was advised by Goldman Sachs. Legal counsel was provided by Sullivan & Cromwell LLP for GlobalTech and Skadden, Arps, Slate, Meagher & Flom LLP for DataSecure.