Thread: Symantec buy GuardianEdge Technologies

Symantec has declared it will buy encryption vendors PGP and GuardianEdge Technologies to increase its program.

The security company preparations to incorporate encryption products from PGP and GuardianEdge into its data loss prevention suite and endpoint protection products, it said in its achievement statement on Thursday.

The two achievements will give us a market-leading position in the $1.4 billion per year encryption business, vice president Francis deSouza told ZDNet UK on Thursday. At Symantec, we're focused on making data protection easier to handle, and these acquirements signify a big step forward."

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Symantec is buying encryption vendors PGP and GuardianEdge Technologies
to boost its lineup, the company announced on Thursday.
The security company plans to integrate encryption products from PGP and
GuardianEdge into its data loss prevention suite and endpoint protection products, said Symantec enterprise security group vice president Francis
deSouza.
"The two acquisitions will give us a market-leading position in the
$1.4bn per year encryption business," deSouza told ZDNet UK. "At
Symantec, we're focused on making data protection easier to manage, and
these acquisitions represent a big step forward."
The company will pay $300m (196m) in cash for PGP and $70m in cash for
GuardianEdge, subject to approval from US and German antitrust bodies.
Symantec expects to gain the regulatory approval this quarter, said
deSouza.

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