Enterprise data protection company PGP Corporation on Tuesday announced that it has signed a definitive agreement to acquire privately-held TC TrustCenter, along with its U.S. parent company, ChosenSecurity.
TC TrustCenter and ChosenSecurity provide on-demand platforms for managing trusted identities used for encryption, authentication, and secure collaboration.
"Trusted identities are a crucial component for data protection solutions that secure sensitive data," said Phillip Dunkelberger, president and CEO 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."
PCP said that once the acquisition is complete, ChosenSecurity and TC TrustCenter will continue to sell and support their own existing product lines, as well as work on new products that integrate with PGP's offerings.