GuardianEdge

Symantec plans to clinch deals with GuardianEdge & PGP

Symantec plans to clinch deals with GuardianEdge & PGPA leap towards enhanced security is what Symantec is aiming at; as the security provider firm plans to acquire GuardianEdge Technologies and PGP.

This strategic move shall help Symantec encroach upon the emerging file encryption security market. Te deal which is prized at $370 million, will pay $300 million to PGP and a $70 million to GuardianEdge.

According to the trade watchers, this move has taken everyone by surprise as Symantec earlier backed off from the plans for entering the file encryption software market.




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