STOCKHOLM -- Protect Data AB today announced that it has acquired the privately held Reflex Software Ltd and its subsidiaries. Reflex Softwares wholly owned subsidiary, Reflex Magnetics Ltd, is based in London, UK, and was founded in 1985.
Through the acquisition, Protect Data extends its Pointsec data protection product portfolio with security software which provides port and device control functionality. Reflex Software and its subsidiaries have 35 employees and had net sales of £3.1 million in the fiscal year ending March 31, 2006.
Pointsec customers are increasingly looking for port and device control solutions, and Reflex Magnetics has long since established itself as a leader in this area, said Peter Larsson, CEO, Protect Data. Another key factor behind this acquisition is that Reflex Magnetics shares our vision to offer solutions that support customers overall security policies, including the requirement for continuous updates to meet evolving threats.