Security

McAfee buys a data encryption company for $350 million

McAfee announced yesterday that it will buy SafeBoot for $350 million in cash. SafeBoot is a maker of enterprise data encryption technology.

McAfee announced yesterday that it will buy SafeBoot for $350 million in cash. SafeBoot is a maker of enterprise data encryption technology. McAfee will combine its technology with SafeBoot's to form the foundation of a new data protection business unit headed by SafeBoot's chief executive Gerhard Watzinger. Excerpt from Information Week:

SafeBoot's Data Protection Suite lets users encrypt individual files and folders, as well as entire local hard drives, to protect data during distribution to mobile devices, such as laptops, smartphones, USB drives, and handheld computers. SafeBoot software also can encrypt files severs to secure confidential files as they move throughout an organization.
McAfee's strategy is to pursue untapped opportunities at the small and midsize-businesses and consumer level. At the same time, SafeBot will be integrated with McAfee's ePolicy Orchestrator — McAfee's centralized management console for enterprise security. This will give an enterprise-level customer the option of integrating McAfee products into their security software.

Does your company ensure confidentiality of information via encryption technologies?

About Paul Mah

Paul Mah is a writer and blogger who lives in Singapore, where he has worked for a number of years in various capacities within the IT industry. Paul enjoys tinkering with tech gadgets, smartphones, and networking devices.

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