Story image

ESET snaps up encryption company as demand soars for encryption

24 Sep 2015

IT security company ESET has bolstered its encryption abilities, acquiring UK-based DESlock+ for an undisclosed sum.

The two companies have been partners for a number of years, with DESlock+ a member of the ESET Technology Alliance since 2013.

The acquisition comes as encryption gains increasing prominence thanks to burgeoning cybercrime and concerns over government surveillance programs.

Data protection and privacy are among the top concerns for both companies and individuals, ESET says, while government agencies, like the European Union, are enforcing regulations that require businesses and organisations to implement security measures including encryption to protect the data of their users.

Ignacio Sbampato, ESET chief sales and marketing officer, says a recent survey conducted by ESET showed two our of three companies saw a need for encryption as part of their standard endpoint security solutions.

Palo Luka, ESET chief technology officer, says encryption plays an important role in security and represents a vault guarding a companies sensitive information, as well as your private data.

“We had very good results offering DESlock+ encryption solutions as part of our ESET Technology Alliance and we believe our customers will be very happy to see that we are taking that partnership even further,” Sbampato says.

He says acquiring DESlock+ will enable ESET to complement its security lineup with ‘a great encryption technology’.

The DESlock+ encryption offering will be integrated into ESET’s portfolio of consumer and business products and Luka says the company plans to develop the offering further.

ESET says it does not plan any personnel changes, with DESlock+’s 12 staff now ESET employees. DESlock+ managing director David Tomlinson is now heading up ESET's encryption business unit as manager.

ESET says DESlock+ ‘is a powerful tool with patented share-key management offering a number of encryption features’. It includes web-browser-based secured remote management, a mobile edition of iOS and a portable client, DESlock+ Go, which allows secure data access on workstations without DESlock+ installed.

The company’s products, which also meet the standards required by the United States government, range from Personal Edition’s for consumers; ‘Essential’ basic level business products through to Pro for mobile working and laptop security on the business side; Mobile for iPads, iPhones and iPods and Enterprise Server offerings.

The acquisition also sees ESET add a new research and development location to its existing ones, with the company maintaining the DESlock+ base in Tauton in the United Kingdom. ESET says the deal will ‘empower’ it to recruit local talent in the UK.

No financial details of the deal were disclosed.

Interview: Culture and cloud - the battle for cybersecurity
ESET CTO Juraj Malcho talks about the importance of culture in a cybersecurity strategy and the challenges and benefits of a world in the cloud.
Enterprise cloud deployments being exploited by cybercriminals
A new report has revealed a concerning number of enterprises still believe security is the responsibility of the cloud service provider.
Ping Identity Platform updated with new CX and IT automation
The new versions improve the user and administrative experience, while also aiming to meet enterprise needs to operate quickly and purposefully.
Venafi and nCipher Security partner on machine identity protection
Cryptographic keys serve as machine identities and are the foundation of enterprise information technology systems.
Machine learning is a tool and the bad guys are using it
KPMG NZ’s CIO and ESET’s CTO spoke at a recent cybersecurity conference about how machine learning and data analytics are not to be feared, but used.
Seagate: Data trends, opportunities, and challenges at the edge
The development of edge technology and the rise of big data have brought many opportunities for data infrastructure companies to the fore.
Popular Android apps track users and violate Google's policies
Google has reportedly taken action against some of the violators.
How blockchain could help stop video piracy in its tracks
An Australian video tech firm has successfully tested a blockchain trial that could end up being a welcome relief for video creators and the fight against video piracy.