Trend Micro Incorporated announced the signing of a definitive agreement to purchase innovative data protection specialist, Mobile Armor, in a move to expand Trend Micro’s data protection product portfolio.
Mobile Armor, based in St. Louis, Missouri is majority-owned by Dolphin Equity of New York, New York. Financial terms are not disclosed. The transaction, which is subject to certain closing conditions, including regulatory approvals, is expected to close before December 31, 2010.
Mobile Armor’s data protection offerings provide full-disk, file/folder, and removable media encryption for endpoints. They will complement Trend Micro’s existing data loss prevention, email encryption and cloud encryption products. The acquisition furthers Trend Micro’s leadership in data protection and encryption from the endpoint to the cloud for all major customer segments.
Data protection is a growing concern for businesses. IDC assesses that the market for endpoint encryption is growing at an estimated 14 percent CAGR through 2014. State and national governments are enacting more stringent regulations such as the U.S. HITECH Act, the U.K. Data Protection Act, and the German Federal Data Protection Act. Together with the Payment Card Industry Data Security Standard (PCI DSS), such regulations are driving the need to encrypt sensitive information and protect privacy. The increased frequency and cost of data breaches are also accelerating the adoption of encryption as organizations strive to mitigate risks and protect sensitive information from unauthorized access.
“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. 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,” said Eva Chen, CEO, Trend Micro. “Mobile Armor’s endpoint encryption suite will enhance our data protection portfolio for the cloud computing era.”
“Security-minded buyers are assured that the Mobile Armor solution is fortified, tested, and proven to have the quality, certifications and critical security features that other data security solutions do not have. For customers, we see Mobile Armor complementing Trend Micro’s data protection strategy and contributing to Trend Micro’s mobile and cloud security initiatives. Trend Micro’s worldwide reach and extensive resources will add value to Mobile Armor’s customer base,” said Michael Menegay, CEO, Mobile Armor.***
If you are buying technology, RFPConnect is the place to meet the companies
that are selling it. RFPConnect provides templates for buyers to issue Requests
for Information (RFIs), Reguests for Proposals (RFPs) and Requests for Quotations
(RFQs). The site also provides a searchable directory and database of technology
vendors across the full range of industrial, commercial, financial and public sectors.
If you are selling technology, RFPConnect is the place to showcase your applications
or consultancy skills in searchable directories and product databases. The site
also provides technology vendors with the opportunity to publish news releases about
version upgrades, mandates won and other news about the company. Last but not least,
the RFP Exchange is a source of new business opportunities in the private and public
sectors.
To register your organization and its products, click the Register Now
link on the right hand side of this page and follow the registration procedure.
It will only take a few minutes - but it could lead to millions of dollars.
PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...
Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.