Trend Micro acquires Mobile Armor
Trend Micro purchased data protection specialist Mobile Armor. 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.
“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.”
“Each year, hundreds of thousands of laptops, phones and removable media devices are estimated by various sources to go missing through loss or theft, to have their data copied without consent, and to be upgraded or exchanged without having their data removed,” according to a recent Gartner report.
“Mobile data protection (MDP) is an attractive complement to the endpoint protection (EPP) product suites, which already encompass enterprise antivirus (AV), anti-spyware, personal firewall and desktop host intrusion prevention system.”