Symantec buys key pair of encryption firms

Posted by   Virus Bulletin on   May 4, 2010

PGP and GuardianEdge snapped up in surprise dual acquisition.

Symantec has announced the acquisition of two separate firms specialising in encryption and email security. The deals were completed in cash with PGP, a renowned specialist in public key cryptography, costing $300 million and GuardianEdge, which also provides encryption and data loss prevention solutions, snapped up for $70 million.

According to details released by Symantec, technology provided by the two firms will be merged into the Symantec portfolio to offer its customers a wider choice of encryption techniques, while the PGP key management system will be adopted as a standard across the range of brands.

It is not the first time the PGP name has come under the control of an anti-virus giant, with the original technology developed by Phil Zimmermann in 1991 eventually being taken over by Network Associates (NAI, nowadays better known as McAfee) in 1997; the current company PGP Corporation was formed in 2002, with the products and IP bought back from NAI.

GuardianEdge, meanwhile, traces its history back to 1984 with the release of PC Guardian hardware security solutions by Micro Security Devices Inc. The firm moved into encryption in the mid-1990s and took on the name GuardianEdge in 2005.

The official announcement of the deal from Symantec is here with more details here.

Posted on 04 May 2010 by Virus Bulletin

twitter.png
fb.png
linkedin.png
hackernews.png
reddit.png

 

Latest posts:

VB2018 paper: From Hacking Team to hacked team to…?

Today we publish the VB2018 paper and video by ESET researcher Filip Kafka, who looked at the new malware by Hacking Team, after the company had recovered from the 2015 breach.

The spam that is hardest to block is often the most damaging

We see a lot of spam in the VBSpam test lab, and we also see how well such emails are being blocked by email security products. Worryingly, it is often the emails with a malicious attachment or a phishing link that are most likely to be missed.

Throwback Thursday: We're all doomed

Mydoom turns 15 this month, and is still being seen in email attachments. This Throwback Thursday we look back to March 2004, when Gabor Szappanos tracked the rise of W32/Mydoom.

VB2019 call for papers - now open!

Have you analysed a new online threat? Do you know a new way to defend against such threats? Are you tasked with securing systems and fending off attacks? The call for papers for VB2019 is now open and we want to hear from you!

VB2018 paper: Unpacking the packed unpacker: reversing an Android anti-analysis library

Today, we publish a VB2018 paper by Google researcher Maddie Stone in which she looks at one of the most interesting anti-analysis native libraries in the Android ecosystem. We also release the recording of Maddie's presentation.

We have placed cookies on your device in order to improve the functionality of this site, as outlined in our cookies policy. However, you may delete and block all cookies from this site and your use of the site will be unaffected. By continuing to browse this site, you are agreeing to Virus Bulletin's use of data as outlined in our privacy policy.