PGP agrees to acquire TC TrustCenter and its parent company, ChosenSecurity, for their on-demand platform for managing trusted identities.
PGP has agreed to acquire German security vendor TC TrustCenter and its
parent company, ChosenSecurity, for an undisclosed sum
and TC TrustCenter provide an on-demand platform for managing trusted
identities for encryption, authentication and secure collaboration, and is used
to help secure trusted electronic transactions across individuals, servers
and mobile devices. According to Enterprise Strategy Group analyst Jon
Oltsik, the buy gives PGP an "enabling technology for secure trusted
transactions depend upon a foundation of trust," Oltsik said in a
statement. "With its acquisition of TC TrustCenter and ChosenSecurity, PGP
Corporation is establishing itself as a provider of globally trusted identities
for not only its own applications, but other high value applications and
deal is complete, ChosenSecurity and TC TrustCenter will continue to sell and
support their existing products as well as develop new offerings that integrate
with PGP's product line.
identities are a crucial component for data
solutions that secure sensitive data," said Phillip
CEO, in a statement. "With this
acquisition, PGP Corporation is gaining an extensible platform that will
dramatically accelerate its vision of delivering integrated data protection
across vendors, technologies, and devices."