Trend Micro to Buy Encryption Technology Maker Mobile Armor
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Trend Micro revealed plans today to acquire Mobile Armor in a move meant to expand the company's encryption capabilities.
The acquisition, which is being made for an undisclosed sum, is expected to close before the end of the year. Mobile Armor offers full disk, file, folder and removable media encryption for endpoints. Its technology targets different kinds of devices, including tablets, laptops, smartphones and flash drives.
According to Trend Micro, the buy is meant to complement the company's existing data loss prevention, e-mail encryption and cloud encryption products. This includes SecureCloud, the hosted key management and data encryption service the company announced in August.
"This acquisition will expand our endpoint security market reach and will provide our customers with proven technology for encrypting data on laptops, tablet PCs and smartphones," said Eva Chen, CEO of Trend Micro, in a statement. "Mobile Armor's solutions further our vision of protecting digital information wherever it resides and complements our recent announcement of Trend Micro SecureCloud for securing and controlling data in the cloud. Mobile Armor's endpoint encryption suite will enhance our data protection portfolio for the cloud computing era"
For more, read the eWeek article: Trend Micro to Acquire Mobile Armor for Encryption Technology.