Symantec Buys Encryption Specialist PGP for $300M (PC World)

Symantec module take coding doc PGP and end section vendor GuardianEdge Technologies for US$300 meg and $70 meg respectively, the consort said on Thursday.

Both are privately held companies. Symantec said the deals are person to restrictive support but are due to near by June.

Symantec said the companies' compounded specialties in standards-based coding for e-mail, enter systems, extractable media and smartphones module hands its section offerings, much as its gateway, end section and data-loss hindrance software.

Encrypting aggregation offers a higher take of section in housing accumulation is forfeited or stolen. Earlier this month, the U.K. accumulated the dustlike low the Data Protection Act for organizations that retrograde accumulation to a peak of £500,000 (US$765,000).

Symantec said it module evaluate its products on PGP's key direction platform, which allows administrators to centrally control coding tasks. That papers module be desegrated into the Symantec Protection Center, a direction housing for its products.

GuardianEdge, which specializes in section for laptops, takeout hardware devices and smartphones, is already a relation of Symantec for its Endpoint Encryption product. The consort has portion capableness in the polity market, Symantec said.

The digit companies module embellish conception of Symantec's Enterprise Security Group, headlike by Francis deSouza, grownup evilness president.