The company and its managing member Alexander Shasky revealed in a Securities and Exchange Commission filing that they have acquired about 19% of WatchGuard between them, and that they would like to talk about taking WatchGuard private.
Shasky said in a letter that WatchGuard’s status as a sub-scale public company is preventing WatchGuard from achieving its potential, and that the Company’s shareholders, employees, and customers would all benefit from Vector’s acquisition of the Company.
Vector has previously acquired Register.com Inc and Corel Corp, both of which it identified as having growth potential but which were struggling as public companies.
Shares of WatchGuard rose Friday on the news, and on analyst upgrades relating to the possibility of a transaction closing.
