GlobalSCAPE Appoints Robert H. Alpert and C. Clark Webb to the Board of Directors

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SAN ANTONIO–(BUSINESS WIRE)–GlobalSCAPE,
Inc.
(NYSE American: GSB),
a worldwide leader in the secure movement and integration of data, has
appointed Robert H. Alpert and C. Clark Webb to the Board of Directors.
With these changes, GlobalSCAPE’s Board now has seven directors, six of
whom are independent.

Mr. Alpert brings to GlobalSCAPE’s board of directors nearly 30 years of
executive and financial experience. He is the co-founder and principal
of 210 Capital, LLC. He is also, the CO-CEO and Chairman of the Board of
P10 Holdings, Inc., Chairman of the Board of Crossroads Systems, Inc.
and a director of Elah Holdings, Inc. Prior to founding 210 Capital,
Robert was the founder and portfolio manager of Atlas Capital
Management, LP, a long-short strategy investment adviser from October
1995 to September 2015. Robert was responsible for the investments and
operations of Atlas. Robert holds a BA from Princeton University (1987)
and an MBA from Columbia University (1990). Robert is married with three
children.

Mr. Webb is Founder and Managing Member of P10 Capital Management, LLC,
Co-CEO of P10 Holdings, Inc., and Co-Founder and Principal of 210
Capital, LLC. Previously, Clark was Co-Portfolio Manager of the
Lafayette Street Fund, a multi-billion dollar opportunistic equity
strategy, and a Partner at Select Equity Group, L.P. Clark holds a BA
from Princeton University. Clark is currently Chairman of the Board of
Elah Holdings, Inc., and a director of Crossroads Systems, Inc. and P10
Holdings, Inc.

Management Commentary from Matt Goulet, President and CEO of
GlobalSCAPE

“We believe the addition of Mr. Alpert and Mr. Webb to our Board
demonstrates that GlobalSCAPE is continuing its positive forward
progress. As large shareholders of the company, both Robert and Clark
have developed an intimate understanding of our business, and bring to
the organization valuable experience and insights at a pivotal stage in
our evolution. We look forward to benefiting from their collective
guidance as we transition GlobalSCAPE into a cloud-based software and
services MFT provider, and capitalize on several key growth
opportunities that can scale our business going forward.”

About GlobalSCAPE

GlobalSCAPE, Inc. (NYSE American: GSB)
is a pioneer in securing and automating the movement and integration of
data seamlessly in, around and outside your business, between people and
places, in and out of the cloud. GlobalSCAPE provides technology that
automates your work and secures your data, while giving visibility to
those who need it. GlobalSCAPE makes business flow brilliantly. For more
information, visit http://www.globalscape.com
or follow the blog
and Twitter
updates.

Safe Harbor Statement

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. The words “would,” “exceed,”
“should,” “anticipates,” “believe,” “expect,” and variations of such
words and similar expressions identify forward-looking statements, but
their absence does not mean that a statement is not a forward-looking
statement. These forward-looking statements are based upon the Company’s
current expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could cause
actual results to differ significantly from those expressed or implied
by such forward-looking statements are risks that are detailed in the
Company’s Annual Report on Form 10-K for the year ended December 31,
2017 filed with the SEC on June 14, 2108; the discovery of additional
information relevant to the internal investigation; the conclusions of
the Company’s Audit Committee (and the timing of the conclusions)
concerning matters relating to the internal investigation; the timing of
the review by, and the conclusions of, GlobalSCAPE’s independent
registered public accounting firm regarding the internal investigation
and GlobalSCAPE’s financial statements; the possibility that additional
errors relevant to the recently completed restatement may be identified;
pending litigation and other proceedings and the possibility of further
legal proceedings adverse to GlobalSCAPE resulting from the restatement
or related matters; and the costs associated with the restatement and
the investigation.

Contacts

GlobalSCAPE
Press Contact
Lisa Kilpatrick,
210-308-8267
PR@globalscape.com
or
Investor
Relations Contact

Matt Glover, 949-574-3860
or
Najim
Mostamand, CFA, 949-574-3860
IR@globalscape.com

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