Trend Micro to Acquire Mobile Armor

By on Nov 30, 2010 in Business, Cellphone, Internet, Notebook, Software, Technology Comments

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Computer security firm Trend Micro announced that it will acquire Mobile Armor, a data encryption specialist company based in St. Louis, Missouri, USA. In the press release published in their company website on Monday, Trend Micro said the purchase of Mobile Armor will expand the company’s data protection product portfolio and will complement the company’s existing data loss prevention, email encryption and cloud encryption products.

Mobile Armor offers full-disk, file and folder, and removable media encryption for endpoint machines. It is majority-owned by Dolphin Equity of New York.

“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 of Trend Micro.

“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 of Mobile Armor.

As per usual acquisition processes, the completion of this deal is subject to closing conditions and regulatory approvals.

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