Enterprise technology giant HP announced on Monday afternoon that it has agreed to acquire data security solutions provider Voltage Security for an undisclosed sum.
According to HP, Voltage’s encryption and tokenization solutions will become part the HP Atalla portfolio and help HP expand its offerings in data classification, payments security, encryption, tokenization and enterprise key management.
“Voltage’s proven data-centric encryption and tokenization technology will complement HP Atalla, HP’s information security and encryption business, helping our customers protect their most sensitive information whether it lives in the cloud, across mobile platforms, in big data environments, or within legacy computer systems for critical regulatory compliance,” Art Gilliland, Senior Vice President and General Manager of Enterprise Security Products, noted in a blog post. “This announcement aligns with HP’s focus on end-to-end protection of the data itself, helping enterprises neutralize the impact of a breach and proactively combat new security threats.”
Voltage’s enterprise solutions allow customers to use protected data in applications without having to re-architect their applications or adopt fragmented frameworks. Additionally, Voltage’s Identity Based Encryption technology allows for a more simple enterprise email security system on premise and on mobile devices.
Voltage enables end-to-end protection of payments systems, from card swipe to back-end tokenization, and currently serves six of the largest payment processors in the United States.
HP said the transaction is expected to close in the first half of fiscal 2015, subject to customary closing conditions.
