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RSA Signs Acquisition Pact With Valyd Software
By
ChannelTimes Staff
Mumbai, Feb 9, 2007
RSA, The Security Division of EMC Corporation, and Valyd Software., a privately-owned Indian IT product company, announced that RSA has entered into a definitive agreement to acquire Valyd for an undisclosed sum.
The acquisition will help RSA to significantly expand its enterprise data protection (EDP) strategy. The company plans to continue to support the development of this technology from Hyderabad, where Valyd s R&D operations and more than 50 specialist security software engineers are located. The acquisition is expected to be completed before the end of the first quarter of 2007 and is not expected to have a material impact on the results of EMC's operations for 2007.
Valyd Software was formed in 1998 to create and deliver software solutions that secure enterprise data.
Upon completion, the acquisition will immediately provide RSA's global customers with new, professionally-supported solutions for effective enterprise-wide encryption management. This includes tools to deliver highly-secure data protection for a variety of database management systems and protection of sensitive data maintained in files, folders and servers, against internal and external attacks.
"With many statutes and regulations in play, information security is the number one concern of CEOs and CIOs today, and the field of encryption and key management represents an urgent priority," said Art Coviello, president at RSA. "This acquisition will encourage enterprises to turn to RSA to leverage our expanded set of enterprise data protection solutions to mitigate risk, reduce costs and complexity further, and help to meet compliance mandates. With information-centric security solutions from RSA, our customers can confidently protect their private consumer, employee and partner data wherever it lives, and throughout the information infrastructure."
Commenting on the acquisition, Manoj Chugh, president, EMC India & Saarc region, said, "This acquisition is a significant milestone for innovation in Indian IT A technology product acquisition that addresses information-centric security showcases the quality of innovation in India that is available to global technology majors. The Indian IT industry today has moved beyond support and services, to product development in areas that address customers immediate priorities, and we are proud to acquire technology innovated in India."
RSA also announced separately that it has formed strategic partnerships with CipherOptics, Decru and NeoScale Systems to bring a range of solutions to market. The company is also working with CipherOptics, Decru, NeoScale and other industry players to create common standards for key exchange and management across all encryption endpoints - whether in applications, databases, disk storage systems, tape systems or network links.
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