IronPort Systems plans to acquire PostX, a vendor of e-mail encryption software. The all-stock transaction is expected to close within the next “five or six weeks” Terms of the deal were not disclosed, but PostX shareholders will receive about 7 percent of the combined companys stock. PostX counts the U.S. Postal Service, Visa USA, and Charles Schwab & Co. amongst its customers. No layoffs are expected as a result of the acquisition.”]
Source: https://www.csoonline.com/article/2120946/postx-to-be-bought-by-ironport.html