“Symantec is ramping up its encryption software portfolio with
the acquisitions of PGP and GuardianEdge for $300 million and $70
million, respectively.“The deals, which are expected to close later this year, are the
latest signs that Symantec (NASDAQ: SYMC) executives believe that
cloud-based storage and security options will be favored by
enterprise customers in the future.“Both of the newly acquired companies specialize in applications
that protect data from being either intentionally or accidentally
exposed by encrypting the data itself, whether it’s hosted on
premises, distributed through the cloud or moved about on any
number of portable devices, such as smartphones or USB drives.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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