HP Acquires Voltage Security Boosting Cloud Security & Data Encryption
IT giant HP on Monday announced that it has acquired Voltage Security, which provides encryption and tokenization technology. The acquisition will bolster HP's already significant security solution portfolio and add to its Atalla security business. Financial terms of the transaction were not disclosed.
Art Gilliland, senior vice president and general manager of enterprise security products at Hewlett-Packard said in a prepared remarks: “Voltage’s proven data-centric encryption and tokenization technology will complement HP Atalla, HP’s information security and encryption business, helping our customers protect their most sensitive information whether it lives in the cloud, across mobile platforms, in big data environments, or within legacy computer systems for critical regulatory compliance.”
Founded in 2002 and based in Cupertino, California, Voltage Security provides data encryption and tokenization technology that can be applied to all kinds of data regardless of where that data resides and ts nature. It covers everything from email to enterprise data to payment systems. It also targets big data, retail and financial systems. Among its customers are industry's top retailers, payment services and financial services.
Security And Encryption Is The Most Likely Candidate For Using
Atalla Solutions, HP's information security and encryption business is the most likely candidate for integration. Atalla Solutions is a data security technology for enterprises that protects data across cloud, on-premises and mobile environments. HP said Voltage Security will be integrated into its Atalla Security Solutions, expanding HP's security offerings in payment security, encryption, tokenization and enterprise key management. Voltage's powerful security solutions are ideal match for supporting and expanding HP's Atalla Security business in today's security market. It also aligns with HP's focus on end-to-end protection of data itself. Voltage's technology will continue HP's leadership as a highly trusted platform across industries, protecting the most sensitive information and helping companies neutralize the impact of a security breach.
Before the acquisition, Voltage has received multiple financing rounds, its last round of venture capital funding was in 2007 when it received a $12 million Series D round led by Trident Capital.
Security companies are certainly gaining too much attention from large IT companies. Last year IBM acquired cybersecurity firm Trusteer to strengthen security portfolio, Microsoft bought Aorato to boost Active Directory security, and Google picked IAM (Identity and Access Management) startup SlickLogin.
The acquisition is expected to close in the first half of HP's fiscal year, which ends on May 30, 2015.
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