NNSquad - Network Neutrality Squad
[ NNSquad ] Symantec buys PGP
----- Forwarded message from Dave Farber <dave@farber.net> ----- Date: Thu, 29 Apr 2010 11:34:09 -0400 From: Dave Farber <dave@farber.net> Subject: [IP] Symantec buys PGP Reply-To: dave@farber.net To: ip <ip@v2.listbox.com> Begin forwarded message: > From: Richard Forno <rforno@infowarrior.org> > Date: April 29, 2010 10:03:07 AM EDT > To: Farber Dave <dave@farber.net> > Subject: Symantec buys PGP > > Symantec Buys ncryption Specialist PGP for $300M > > By Jeremy Kirk, IDG News Service > > http://www.pcworld.com/businesscenter/article/195217/symantec_buys_encryption_specialist_pgp_for_300m.html > > Symantec will acquire encryption specialist PGP and endpoint security > vendor GuardianEdge Technologies for US$300 million and $70 million > respectively, the company said on Thursday. > > Both are privately held companies. Symantec said the deals are subject > to regulatory approval but are expected to close by June. > > Symantec said the companies' combined specialties in standards-based > encryption for e-mail, file systems, removable media and smartphones > will complement its security offerings, such as its gateway, endpoint > security and data-loss prevention software. > > Encrypting information offers a higher level of security in case data is > lost or stolen. Earlier this month, the U.K. increased the fine under > the Data Protection Act for organizations that lose data to a maximum of > £500,000 (US$765,000). > > Symantec said it will standardize its products on PGP's key management > platform, which allows administrators to centrally manage encryption > tasks. That platform will be integrated into the Symantec Protection > Center, a management console for its products. > > GuardianEdge, which specializes in security for laptops, portable > storage devices and smartphones, is already a partner of Symantec for > its Endpoint Encryption product. The company has particular strength in > the government market, Symantec said. > > The two companies will become part of Symantec's Enterprise Security > Group, headed by Francis deSouza, senior vice president. > ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com ----- End forwarded message -----