Symantec acquires PGP and GuardianEdge

New deals will help customers secure and manage their most critical information

Symantec will acquire PGP Corporation for US$300 million in cash and GuardianEdge for US$70 million in cash.

Both companies address the data protection needs of all major customer segments from the largest enterprises and governments to small businesses and individuals, Symantec said in a release.

“As information becomes increasingly mobile, it’s essential to take an information-centric approach to security. Our market-leading data protection solutions provide the intelligence for customers to better understand what data is important, who owns it and who accesses it,” said Francis deSouza, Senior Vice President, Enterprise Security Group, Symantec.

“With these acquisitions we can further protect information by using encryption in an intelligent and policy-driven way to give the right users access to the right information, enabling the trust that individuals and organisations need to operate confidently in an information-driven world. We’re now able to offer the industry’s most comprehensive solution across encryption and data loss prevention for protecting confidential data on endpoints, networks, storage systems and in the cloud,” he added.