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-2015-0547
Published: 2015-07-04
The D2CenterstageService.getComments service method in EMC Documentum D2 4.1 and 4.2 before 4.2 P16 and 4.5 before P03 allows remote authenticated users to conduct Documentum Query Language (DQL) injection attacks and bypass intended read-access restrictions via unspecified vectors.

CVE-2015-0548
Published: 2015-07-04
The D2DownloadService.getDownloadUrls service method in EMC Documentum D2 4.1 and 4.2 before 4.2 P16 and 4.5 before P03 allows remote authenticated users to conduct Documentum Query Language (DQL) injection attacks and bypass intended read-access restrictions via unspecified vectors.

CVE-2015-4196
Published: 2015-07-04
Platform Software before 4.4.5 in Cisco Unified Communications Domain Manager (CDM) 8.x has a hardcoded password for a privileged account, which allows remote attackers to obtain root access by leveraging knowledge of this password and entering it in an SSH session, aka Bug ID CSCuq45546.

CVE-2015-4525
Published: 2015-07-04
The log-gather implementation in the web administration interface in EMC Isilon OneFS 6.5.x.x through 7.1.1.x before 7.1.1.5 and 7.2.0.x before 7.2.0.2 allows remote authenticated users to execute arbitrary commands with root privileges via unspecified vectors.

CVE-2015-4231
Published: 2015-07-03
The Python interpreter in Cisco NX-OS 6.2(8a) on Nexus 7000 devices allows local users to bypass intended access restrictions and delete an arbitrary VDC's files by leveraging administrative privileges in one VDC, aka Bug ID CSCur08416.

Dark Reading Radio
Archived Dark Reading Radio
Marc Spitler, co-author of the Verizon DBIR will share some of the lesser-known but most intriguing tidbits from the massive report