Sunbelt Software, a Clearwater-based software development company, was purchased by GFI Software, a Raleigh-based firm. Financial terms of the deal were not disclosed.
GFI's acquisition was largely motivated by Sunbelt's VIPRE software, a set of antivirus products, said GFI CEO Walter Scott.
“We were impressed by the high quality and innovative technology that underlies Sunbelt's VIPRE line,” Scott said in a release. “We have acquired a good, growing and cash-flow positive business.”
Sunbelt CEO Alex Eckelberry agreed that the merger was a good fit. “I have a hard time imagining a better combination,” he said.