goetzpartners acted as exclusive financial advisor to the shareholders of eleven GmbH in the sale of the business to Commtouch Software Ltd.
Commtouch Software Ltd., a leading provider of Internet security technology and cloud-based services, has acquired eleven GmbH, the leading email security provider based in Germany. The business was acquired from the shareholders of eleven GmbH. goetzpartners Corporate Finance acted as exclusive financial advisor to the shareholders of eleven in this transaction.
Through the acquisition of eleven, Commtouch wants to accelerate the launch of Security-as-a-Service (SaaS) solutions. The global reach of Commtouch should accelerate sales and adoption of eleven’s leading security technology.
Eleven’s brand will be retained and further expand in Germany, Austria and Switzerland. The employees will remain with the company and Robert Rothe, CEO and founder of eleven, will join Commtouch’s executive team as Chief Technology Officer and head of Commtouch’s operations in Germany.
Robert Rothe commented on the deal: “I am pleased to join Commtouch as CTO, and I am excited to combine the resources and great talent of both companies. Through Commtouch’s acquisition of eleven, there is a tremendous opportunity for global growth as Commtouch brings eleven’s award-winning technology to larger markets through its extensive base of OEM and service provider partners. We look forward to continuing great service for our existing customers while also seeing significant benefit in expanding our opportunities as part of Commtouch.”