Rohnert Park's Red Condor sold to St. Bernard

<p>Red Condor, a Rohnert Park startup that provides e-mail security for Web users, was acquired by a San Diego software firm, the two companies said Wednesday.</p><p>St. Bernard Software will keep Red Condor's Rohnert Park location and offer jobs to most of its 35 employees, said Lou Ryan, St. Bernard's CEO.</p><p>“Nothing changes,” he said. “They have an extremely bright group of people.”</p><p>St. Bernard financed the deal with 2.4 million shares of its stock and assumed about $800,000 of Red Condor's liabilities. The acquisition closed Monday.</p><p>Red Condor manages e-mail security for about 1,900 customers, including businesses, government agencies and Internet service providers.</p><p>The purchase adds to St. Bernard's customer base and gives it a new technology platform, Ryan said Wednesday.</p><p>The Web security market is expected to reach $2.3 billion by 2012, according to St. Bernard, which has about 5,000 customers and $18 million in annual sales.</p><p>“With the integration of Red Condor's carrier-grade technology and platform, we're perfectly positioned to accelerate our growth and work with an increasing and diversified base of customers across multiple security solutions,” he said. “Red Condor is widely recognized for the simplicity and scalability of its unique hybrid offerings.” </p><p>Red Condor was founded in 2003 and raised nearly $12 million in venture funds and debt financing in recent years. Its backers included Telecom Valley pioneers Don Green and John Webley, who led Advanced Fibre Communications and other startups.</p>