PGP has announced that it has acquired TC TrustCenter and its US parent company, ChosenSecurity.
The companies provide an on-demand platform for managing trusted identities used for encryption, authentication and secure collaboration.
Terms of the transaction were not disclosed and following the acquisition, ChosenSecurity and TC TrustCenter will continue to sell and support their existing products, and will develop new offerings that integrate with PGP's product line. PGP has appointed Rajiv Dholakia as the general manager of the newly formed division.
Dr Sabine Kockskämper, managing director and co-founder of TC TrustCenter, said: “TC TrustCenter's managed PKI solution provides the foundation for a wide variety of data protection applications. We're delighted to be joining forces with PGP to build new solutions that combine our managed services with their data protection applications.”
Bob Steinkrauss, president and CEO of ChosenSecurity, said: “PGP and TC TrustCenter share a product vision about making security usable and easily adopted by enterprise customers for maximum flexibility, ease of deployment, and administration.
“By acquiring ChosenSecurity and TC TrustCenter, PGP is gaining a unique Software-as-a-Service offering that addresses customer's needs for simple and flexible security solutions that can be deployed, scaled, and adapted as their needs change.”
Phillip Dunkelberger, president and CEO of PGP, said: “Trusted identities are a crucial component for data protection solutions that secure sensitive data. With this acquisition, PGP is gaining an extensible platform that will dramatically accelerate its vision of delivering integrated data protection across vendors, technologies, and devices.”