Long live PGP - New company aims for simpler PGP
Source: CNet News
PGP Corp. is setting out to do what Network Associates couldn't--entice enterprise customers to buy PGP encryption products by making them easier to use.
On Monday, Network Associates sold its Pretty Good Privacy (PGP) encryption products to PGP Corp., a newly formed company.
The deal gives the new company a line of encryption products based on the PGP algorithm, including PGPmail, PGPfile, PGPwireless, PGPkeyserver, for the Windows and Macintosh operating systems. Network Associates will retain some products developed using the PGPsdk encryption software development kit, including McAfee E-Business Server and McAfee Desktop Firewall and VPN Client.
The financial terms of the agreement were not disclosed.
PGP Corp., formed in June, said Monday it has raised $14 million in funding from venture capital firms Doll Capital Management and Venrock Associates. The company said that funding would allow it to acquire and upgrade the product line and develop new technology "focused on improving PGP's ease of use."
