PGP buys tech to offer trusted ID from the cloud
Close friends get to call it TC
PGP Corporation has acquired privately-held TC TrustCenter and its US parent company, ChosenSecurity, as part of plans to offer trusted identity management services from the cloud. Terms of the transaction, announced Tuesday, were not disclosed.
TC TrustCenter provides managed trust services for customers in the financial, car manufacture and utilities industries. This trust infrastructure supports applications include encryption, authentication, and secure collaboration. The technology supports PCs, servers, and mobile devices. PGP marketing manager Jamie Cowper explained that TC TrustCenter's technology provides "managed identities and certificates for individuals and servers/services".
PGP reckons there a neat fit between this "on-demand platform for managing trusted identities" and its line of disk encryption and data protection products. From a commercial perspective, the deal will allow PGP to better compete in the managed PKI market with the likes of Entrust and Verisign.
"Trusted identities are a crucial component for data protection solutions that secure sensitive data," said Phillip Dunkelberger, president and chief exec of PGP Corporation. "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." ®