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:

New paper: Collector-stealer: a Russian origin credential and information extractor

In a new paper, F5 researchers Aditya K Sood and Rohit Chaturvedi present a 360 analysis of Collector-stealer, a Russian-origin credential and information extractor.

VB2021 localhost videos available on YouTube

VB has made all VB2021 localhost presentations available on the VB YouTube channel, so you can now watch - and share - any part of the conference freely and without registration.

VB2021 localhost is over, but the content is still available to view!

VB2021 localhost - VB's second virtual conference - took place last week, but you can still watch all the presentations.

VB2021 localhost call for last-minute papers

The call for last-minute papers for VB2021 localhost is now open. Submit before 20 August to have your paper considered for one of the slots reserved for 'hot' research!

New article: Run your malicious VBA macros anywhere!

Kurt Natvig explains how he recompiled malicious VBA macro code to valid harmless Python 3.x code.

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.