Symantec now has an arsenal of integrated data protection solutions to address the needs of all customer segments from the largest enterprises and government organizations to small businesses and individuals.
Symantec announced today that it has completed its acquisition of PGP Corporation and GuardianEdge, deals totaling over $370 million that were announced on April 29, 2010.
Symantec says the acquisitions will help customers secure and manage their most critical information by bringing together PGP and GuardianEdge’s standards-based encryption capabilities for smartphones, full-disk, email, file, folder and removable media with Symantec’s endpoint security and data loss prevention offerings.
“We are already seeing an evolution toward ubiquitous encryption of sensitive data in applications, servers, databases, storage and networks,” said Jon Oltsik, principal analyst at Enterprise Strategy Group. “This will certainly protect data confidentiality but encryption and key management could quickly overwhelm IT organizations with new tasks and tools. With the combination of GuardianEdge and PGP, Symantec can address these issues as a one-stop-shop for enterprise encryption and key management. This should make Symantec especially popular with large security-focused organizations in financial services, health care, the federal government and other industries.”
“Businesses are looking for an information-centric approach to IT security, one that enables them to understand where their important information assets are and control who has access to them,” said Francis deSouza, senior vice president, Enterprise Security Group, Symantec. “With the integration of PGP and GuardianEdge, Symantec will deliver on the promise of making data protection more intelligent, policy-driven and easy-to-manage.”
PGP and GuardianEdge join the Enterprise Security Group led by Senior Vice President Francis deSouza.
More information on how PGP and GuardianEdge will integrate into Symantec’s security portfolio is available at: http://go.symantec.com/PGPGuardianEdge
