Attacks/Breaches
4/30/2010
08:37 AM
50%
50%

Symantec To Buy PGP, GuardianEdge For $370 Million

The data encryption firms offer technology for standards-based encryption of full-disks, removable media, files, folders and smartphones.

Symantec is hoping to improve its position in the data encryption market with the $370 million acquisition of two privately held security firms.

Symantec on Thursday said it planned to buy PGP for $300 million in cash and GuardianEdge for $70 million in cash. The agreements, which are subject to customary closing conditions and regulatory approvals, are expected to close in the current quarter.

PGP and GuardianEdge offer technology for standards-based encryption of full-disks, removable media, files, folders and smartphones. Symantec plans to combine the technology with its own to address the growing need for encryption of data moving across an increasing number of mobile devices attached to corporate networks. Based on figures from IDC, the encryption market is expected to reach $1.7 billion in 2013.

Symantec said it would combine technology from both acquisitions and standardize it on the PGP encryption-key management platform in order to deliver centralized policy and key management capabilities. The PGP platform will then be integrated into Symantec's Protection Center, which provides consolidated access to threat, security and operational dashboards and reporting.

In addition, the new technology will enhance Protection Center's ability to manage endpoint security, prevent data loss and secure gateways, Symantec said.

On the customer side, PGP brings enterprise, small and medium-sized businesses and consumers to Symantec's customer base. GuardianEdge, which is already a partner, will boost Symantec's presence in the government sector.

Upon closing, PGP and GuardianEdge will become a part of Symantec's Enterprise Security Group led by Senior VP Francis deSouza.

Symantec has been on a buying spree this year. In January, Symantec said it would buy Gideon Technologies to boost Symantec's risk management offerings for the public sector. Financial terms were not disclosed.

Gideon extended Symantec's portfolio with security content automation protocol-validated configuration and vulnerability assessment technology. SCAP is a method for using specific standards to communicate software flaw and security information between security products.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2015-0714
Published: 2015-05-02
Multiple cross-site scripting (XSS) vulnerabilities in Cisco Finesse Server 10.0(1), 10.5(1), 10.6(1), and 11.0(1) allow remote attackers to inject arbitrary web script or HTML via unspecified parameters, aka Bug ID CSCut53595.

CVE-2014-3598
Published: 2015-05-01
The Jpeg2KImagePlugin plugin in Pillow before 2.5.3 allows remote attackers to cause a denial of service via a crafted image.

CVE-2014-8361
Published: 2015-05-01
The miniigd SOAP service in Realtek SDK allows remote attackers to execute arbitrary code via a crafted NewInternalClient request.

CVE-2015-0237
Published: 2015-05-01
Red Hat Enterprise Virtualization (RHEV) Manager before 3.5.1 ignores the permission to deny snapshot creation during live storage migration between domains, which allows remote authenticated users to cause a denial of service (prevent host start) by creating a long snapshot chain.

CVE-2015-0257
Published: 2015-05-01
Red Hat Enterprise Virtualization (RHEV) Manager before 3.5.1 uses weak permissions on the directories shared by the ovirt-engine-dwhd service and a plugin during service startup, which allows local users to obtain sensitive information by reading files in the directory.

Dark Reading Radio
Archived Dark Reading Radio
Join security and risk expert John Pironti and Dark Reading Editor-in-Chief Tim Wilson for a live online discussion of the sea-changing shift in security strategy and the many ways it is affecting IT and business.