SecurityWeek

IT security and data protection firm Sophos announced that it has reached an agreement to sell a majority interest in the company to private equity group Apax Partners. The transaction will value the company at $830 million. Following the transaction, the founders of Sophos will retain a significant minority shareholding.

Report projects that the number of files, images, records and other digital information containers will grow by a factor of 67, each needing to be managed, secured and protected. 

Amazon Web Services announced that it has launched Amazon Virtual Private Cloud (Amazon VPC) service in the European Union today.

SecurityWeek staff has confirmed that portable storage, authentication, and trusted virtual computing solutions provider, IronKey, has raised $22 million in venture capital funding.

Managed information security services provider, SecureWorks, Inc., announced today the hire of Colonel Barry R. Hensley, former Director of the Army's Global Network Operations and Security Center. Hensley will be joining as Vice President of SecureWorks' Counter Threat Unit.

Application delivery solutions provider, Radware (NASDAQ:RDWR), today announced the issuance of three United States Patents based on real-time signatures to protect and secure application and network Traffic.The new additions to Radware’s patent portfolio include:• "Generated Anomaly Pattern for HTTP Flood Protection"

The National Security Agency/Central Security Service (NSA/CSS) recently tested future military leaders during the 10th Annual Cyber Defense Exercise (CDX) held on April 20-23, 2010.

McAfee, Inc. (NYSE:MFE) today reported financial results for the first quarter ended March 31, 2010. McAfee generated $502.7 million in revenue, a first quarter record and marking their 17th consecutive quarter of double-digit, year-over-year revenue growth along with record operating cash flow. With the rapid growth, executives admit they continue to have finance and operations issues.

IT management software provider, CA (NASDAQ: CA), today announced the results of a European IT Security study revealing that organizations across several European countries are not utilizing Data Loss Prevention (DLP) technology.The survey revealed that 64% of organizations in the UK are not using Data Loss Prevention technology and other countries such as France (23%), Ireland (50%), and Italy (60%) report low utilization.

Symantec Corp. (Nasdaq: SYMC) today announced it would be making two key acquisitions, saying it has signed definitive agreements to acquire PGP Corporation and GuardianEdge Technologies, Inc., two privately-held leaders in the email and data encryption market. 

Hewlett-Packard Co. has agreed to acquire struggling smart phone maker Palm Inc. for over $1 billion in cash. The companies announced Wednesday they had agreed to the deal, which will see HP pay $5.70 for every Palm common share. With debt included, the deal values Palm at $1.2 billion. The transaction has been approved by the HP and Palm boards of directors.

Vice President of Technology and Innovation at Verizon, Peter Tippett, speaking at the Infosecurity Europe trade show in London this week, made an interesting prediction, stating "While we can never fully forecast the future, we certainly have a good glimpse into what security will be like 10 years from now, based on all the data we have amassed over the last several years for our Data Breach Investigations Reports. For starters, we know successful security breaches are leveling off, and...

Verizon and Novell have teamed up to provide “Secure Access Services from Verizon” – an on-demand identity and access management service providing enterprise clients more control and stronger security when accessing cloud based applications.The service, powered by Novell technology, will enable enterprise clients to outsource the infrastructure and expertise required to extend and manage user access to cloud-based resources while maintaining control over policies and governance.

A recent study conducted by Unisys Corporation (NYSE:UIS), showed that the majority of mobile device users worldwide feel safe using their mobile devices for applications, including airline boarding passes, payments in stores for low-cost items or to access online banking.