Menu
Symantec buys encryption specialist PGP for US$300M

Symantec buys encryption specialist PGP for US$300M

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 Centre, 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.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags symantecinternational news

Featured

Slideshows

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

This exclusive Reseller News Exchange, in association with Arrow ECS ANZ, ForeScout and StorageCraft, went on the road to debate the early implications of GDPR in New Zealand, extracting opportunities while evaluating challenges for the channel in the year ahead.

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington
Show Comments