HP Powers Up Its Data Encryption and Security Enterprise With Acquisition Of Voltage Security
On Monday, Hewlett-Packard made a massive leap forward in its data protection enterprise with acquisition of Voltage Security, a Cupertino, Calif.-based firm which specializes in encryption and data security. The details of the deal have not been disclosed by HP.
The Voltage Security has remained focused chiefly on corporation data protection, and has earned a repute. The stand-alone feature of Voltage is its flexibility in implementing the security measures. It does not compel companies to re-architect their applications even in cloud and big data solution. Recently, Gartner, an American information research and advisory firm, named it ‘visionary’ in its 2013 Magic Quadrant for data marketing technology.
Hp and Voltage will together be able to come across the high profile security officers and execs of large organizations. Which will help them learn to devise batter strategies for their services in the future.
“This puts HP and partners front and center into some of the very topical conversations CEOs and boards of directors are having around things like the Anthem and Sony breaches where you have confidential consumer data that has gotten into the wrong hands,” CRN quoted Jed Ayres, who is chief marketing officer for MCPc, a Cleveland-based national solution provider. “It gives HP a best-of-breed solution to prevent those kinds of breaches.
“This technology has major implications for security, It totally changes how data is protected by large financial companies,” he added.
The addition of acquisition will boost Atalla cloud, which is HP’s service for Encryption and other data security solutions. One of the most important power which Atalla will attain through Voltage is the inclusion of tokenization. Tokenization technology has very efficiently been used to secure credit card transactions, and Voltage is a proven specialist in this technology along with data-centric encryption.
“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 cyberattackers,” HP Security Enterprise Products Senior Vice President Art Gilliland wrote in a blog post.
HP completely realizes significance and need of data security for huge enterprises as it is not “just an IT issue, but a business imperative and a global security priority,” Gilliland observed.
The deal will arguably give a huge boost to HPs security services’ enterprise. Its partners fully realize the significance of the acquisition of Voltage Security which itself was being governed by capitalists who own huge fortune, and expect a massive summation in revenue.
The acquisition process is expected to be completed by mid of 2015, sources said.