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February 10, 2015

HP buys Voltage Security in cloud security push

The deal is expected to close in the first half of HP's fiscal 2015.

By Amy-Jo Crowley

HP is looking to build out its cloud-based security products after agreeing to buy Voltage Security for an undisclosed amount.

Voltage, founded in 2002 out of a Stanford University dorm room, provides data-encryption and security services for enterprises that protects information across mobile and web devices as well as data centers.

The deal is expected to bolster HP’s information security and encryption business, and add to its Atalla cloud encryption portfolio.

"What our customers need is a solution that protects sensitive information from the moment it’s created throughout its entire life cycle," HP executive Art Gilliland wrote in a blog post announcing the deal.

"Voltage’s proven data-centric encryption and tokenization technology will complement HP Atalla, HP’s information security and encryption business, helping our customers protect their most sensitive information whether it lives in the cloud, across mobile platforms, in big data environments, or within legacy computer systems for critical regulatory compliance."

In a blog post, Voltage said HP has the scale and resources to protect its customers’ data against adversaries.

"Voltage’s data-centric strategy aligns with HP’s focus on end-to-end protection of the data itself, helping enterprises neutralize the impact of a breach and proactively combat new security threats," it said.

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"This is particularly important for enterprises that interact with financial payments systems, manage workloads in the cloud, or whose sensitive data flows into Hadoop for analytics – making them attractive targets for cyber-attackers."

The deal is expected to close in the first half of HP’s fiscal 2015.

Last year, HP introduced its new HP Atalla offerings, in a bid to help organisations take a more proactive defense against adversaries.

 

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