Symantec buys PGP and GuardianEdge

Symantec is to buy cryptography pioneer PGP Corp for $300 million and GuardianEdge Technologies for $70 million to help build up its security management portfolio. The all-cash deals will see the company bake PGP into its Symantec Protection Center system and standardise on its key management platform. PGP, for Pretty Good Privacy, is a popular public-key based encryption system that has been around since 1991. For five years the technology was owned, and largely...