Trend Micro announced today is has signed a definitive agreement to acquire Mobile Armor, a provider of data protection solutions.
Mobile Armor’s data protection offerings provide full-disk, file/folder, and removable media encryption for endpoints. They will complement Trend Micro’s existing data loss prevention, email encryption and cloud encryption products.
Data protection is a growing concern for businesses. IDC assesses that the market for endpoint encryption is growing at an estimated 14 percent CAGR through 2014. State and national governments are enacting more stringent regulations such as the U.S. HITECH Act, the U.K. Data Protection Act, and the German Federal Data Protection Act. Together with the Payment Card Industry Data Security Standard (PCI DSS), such regulations are driving the need to encrypt sensitive information and protect privacy. The increased frequency and cost of data breaches are also accelerating the adoption of encryption as organizations strive to mitigate risks and protect sensitive information from unauthorized access.
Mobile Armor, based in St. Louis, Missouri is majority-owned by Dolphin Equity of New York, New York. Financial terms are not disclosed. The transaction, which is subject to certain closing conditions, including regulatory approvals, is expected to close before December 31, 2010.