Trend Micro to purchase Mobile Armor
Company is planning to increase its data protection capabilities
Trend Micro is set to expand the data protection side of their business with the purchase of data protection company Mobile Armor.
The cost of the transaction has not yet been revealed and the deal, subject to certain closing conditions, is expected to be finalised on December 31 2010.
"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."
Mobile Armor will provide Trend Micro with their data protection solutions including full-disk, file/folder, and removable media encryption for endpoints. This portfolio will add to Trend Micro's existing data loss prevention, email encryption and cloud encryption products.
"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.