Storage News

Symantec Wants to Protect Data at Rest, in Use and in Motion

Symantec Corp. announced it has signed definitive agreements to acquire PGP Corporation and GuardianEdge Technologies, Inc., two privately-held leaders in the email and data encryption market, which will extend its ability to help customers secure and manage their most critical information.

In this press release on the Symantec Web site, the company claims that a unique portfolio consisting of PGP and GuardianEdge’s standards-based encryption capabilities and Symantec’s endpoint security and data loss prevention offerings will address the data protection needs of all major customer segments from the largest enterprises and governments to small businesses and individuals.

"Encryption technology is an important element of an information-centric security solution, as critical information is increasingly on mobile devices and in the cloud. State and national governments are enacting more stringent and costly compliance mandates, such as the HITECH and UK Data Protection Acts, which are driving the need to encrypt sensitive information and protect an individual’s privacy. Also, the increased costs and frequency of data breaches are driving the adoption of encryption as companies strive to mitigate risk and protect their critical information from cybercriminals.

"By bringing together PGP and GuardianEdge's standards-based encryption capabilities for full-disk, removable media, email, file, folder and smartphone, with Symantec's endpoint security and data loss prevention offerings, Symantec will have the broadest set of integrated data protection solutions. This unique portfolio will address the data protection needs of all major customer segments from the largest enterprises and governments to small businesses and individuals. Together these acquisitions will expand Symantec’s addressable security market opportunity and will position the company as a leader in the fast growing encryption market which, according to IDC, is estimated to reach $1.7 billion in 2013."