[Infowarrior] - PGP buys tech to offer trusted ID from the cloud

[Richard Forno]

PGP buys tech to offer trusted ID from the cloud
By John Leyden • Get more from this author
Posted in Enterprise Security, 2nd February 2010 15:10 GMT

http://www.theregister.co.uk/2010/02/02/pgp_trusted_id/

PGP Corporation has acquired privately-held TC TrustCenter and its US  
parent company, ChosenSecurity, as part of plans to offer trusted  
identity management services from the cloud. Terms of the transaction,  
announced Tuesday, were not disclosed.

TC TrustCenter provides managed trust services for customers in the  
financial, car manufacture and utilities industries. This trust  
infrastructure supports applications include encryption,  
authentication, and secure collaboration. The technology supports PCs,  
servers, and mobile devices. PGP marketing manager Jamie Cowper  
explained that TC TrustCenter's technology provides "managed  
identities and certificates for individuals and servers/services".

PGP reckons there a neat fit between this "on-demand platform for  
managing trusted identities" and its line of disk encryption and data  
protection products. From a commercial perspective, the deal will  
allow PGP to better compete in the managed PKI market with the likes  
of Entrust and Verisign.

"Trusted identities are a crucial component for data protection  
solutions that secure sensitive data," said Phillip Dunkelberger,  
president and chief exec of PGP Corporation. "With this acquisition,  
PGP Corporation is gaining an extensible platform that will  
dramatically accelerate its vision of delivering integrated data  
protection across vendors, technologies, and devices." ®