14 DAY TRIAL // An agreement has been signed by Hewlett-Packard to acquire Voltage Security, a company offering encryption solutions for information stored in the cloud and for big data.
The technology in Voltage Security’s portfolio includes both encryption and tokenization and applies to all kinds of data regardless of where it resides and of its nature.
The Cupertino-based company covers email, enterprise data, as well as financial information travelling the payment stream.
Among its customers are retailers (Columbia), payment services (Heartland Payment Systems) and financial institutions, Wells Fargo being one of the most prominent beneficiaries.
“HP has the scale and resources to support Voltage customers, helping them take a more proactive defense against adversaries and protect their data from the moment it’s created throughout its entire life cycle,” said Sathvik Krishnamurthy, Voltage Security President and CEO, in a blog post on Monday.
HP states that companies nowadays need more than protecting their systems and there is a demand for sensitive information to be kept safe, and the solution for the issue is Voltage Security.
Art Gilliland, Senior Vice President and General Manager of Enterprise Security Products at HP, says that the acquisition fits with the company’s focus on delivering end-to-end encryption, thus “helping enterprises neutralize the impact of a breach and proactively combat new security threats.”
Details about the acquisition price have not been provided, but the deal is expected to close in the first half of HP’s fiscal year, which ends on May 30.