SMITHTOWN, NY., November 10, 2015 Marketwire/ -- iGambit Inc. (OTCQB: IGMB), a diversified holding company, announced that on November 4, 2015 it acquired Wala, Inc doing business as ArcMail Technology (Arcmail) via a stock purchase agreement. ArcMail will operate as a wholly-owned subsidiary of iGambit.
A copy of the Form 8-K report may be accessed at www.sec.gov.
Rory Welch, CEO of ArcMail, states, “ArcMail is very excited about becoming an iGambit company. Their exceptional leadership, core values of integrity and service to others and strong record of collaboration are a perfect fit for our corporate mission and vision. This partnership will allow us to continue to grow and advance our technology services.”
John Salerno, Chairman and CEO of iGambit, said, “We have known and worked with ArcMail for several years to consummate this acquisition. We believe that both companies will benefit from ownership in the iGambit holding company model. A model that offers significant growth potential. I am pleased to report that we have found a terrific opportunity for iGambit, ArcMail and our stakeholders in this combination. We look forward to having a close and rewarding relationship with Rory Welch and the ArcMail team as they seek to continue on their mission.”
About iGambit Inc: iGambit (OTCBB: IGMB) is a fully reporting publicly-held company. We are a diversified holding company pursuing and evaluating a number of strategic objectives. These objectives include, among others, the potential acquisition of early-stage technology companies with strong growth potential easily recognized in the public arena. We believe that the background of our management and of our Board of Directors in the technology markets is a valuable resource that makes us a desirable business partner to the companies that we are seeking to acquire. When we acquire a company, we work to assume an active role in the development and growth of the company, providing both strategic guidance and operational support. Once a company joins our partner company network, our collective expertise is leveraged to help position that company to produce high-margin, recurring and predictable earnings and generate long-term value for our stockholders. For more information, please visit www.igambit.com. Information on our website does not comprise a part of this press release.
About ArcMail: ( www.arcmail.com ), ArcMail is a leading provider of simple, secure and cost-effective email and enterprise archiving and management solutions. Honored with the Network Products Guide Product Innovation Award, ArcMail was founded to help companies and public sector organizations implement effective email archiving programs, boost email server performance and satisfy regulatory requirements. With the rapid growth of email usage, the Shreveport, LA-based company addresses a need for simple, secure email archiving that is affordable for small businesses yet robust enough to handle the demands of enterprise companies and government entities. ArcMail's solution, the Defender, was developed to provide cost-effective email archiving hardware that improves the user experience, reduces the load on IT resources and safely secures the business information contained in emails, all in an easy-to-use appliance. We believe the Defender is the best email archiving solution for organizations with anywhere from 5 to 5,000+ mailboxes across a broad section of industries. Companies and organizations such as: Behr Paints, State of New York Metropolitan Transportation Authority, St. Louis Public Schools and the Canadian Parliament have all turned to ArcMail for efficient email storage. ArcMail has also been listed by leading business analyst companies who report on email archiving appliance vendors.