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PGP buys German crypto outfit to diversify |
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Source: Network World - Posted by anthony
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The recession continues to be no barrier to acquisitions with the news that PGP Corporation has reached into its pockets to buy German encryption services company TC TrustCenter.
As usual, because the companies involved, including TC TrustCenter's US parent ChosenSecurity, are private, the sums involved has not been made public. The 75-person TC TrustCenter will continue as a division of PGP, however, with its own head and retaining its own branding.
Despite both being encryption specialists, the two don't appear to overlap to a great degree. PGP's products are oriented towards conventional business use of encryption for policy, device and encryption key distribution security, while TC TrustCenter provides managed encryption services such as digital signatures for secure transactions.
Although remaining parallel brands, TC TrustCenter's services will now be integrated with PGP's lower-level technology.
Read this full article at Network World
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