PGP Corporation acquires TC TrustCenter and ChosenSecurity
February 2010 by Emmanuelle Lamandé
PGP Corporation will acquire privately-held TC TrustCenter and its U.S. parent company, ChosenSecurity. TC TrustCenter, based in Germany, and ChosenSecurity, based in Newton, Massachusetts, provide an on-demand platform for managing trusted identities used for encryption, authentication, and secure collaboration.
With today’s announcement, PGP Corporation is adding to its core competency in data protection and now offering managed trusted identities for encryption, authentication, and secure collaboration. PGP® customers will be able to bridge third party security applications with the industry-leading, standards-based and scalable PGP® encryption and key management applications utilizing the PGP® Platform with its centralized policy engine.
TC TrustCenter’s platform enables secure, trusted electronic transactions across individuals, servers, and mobile devices. Applications, such as web-based banking, rely on TC TrustCenter identities to secure SSL transactions, authenticate mobile applications, and create legally enforceable digital signatures.
Following the acquisition, ChosenSecurity and TC TrustCenter will continue to sell and support their existing products, and will develop new offerings that integrate with PGP Corporation’s product line. PGP Corporation has appointed Rajiv Dholakia as the General Manager of the newly formed division.
Terms of the transaction were not disclosed.