PGP Buying ChosenSecurity
PGP Corp., a Palo Alto, Calif.-based provider of enterprise data protection, has agreed to acquire Newton, Mass.-based ChosenSecurity and its German subsidiary TC TrustCenter. No financial terms were disclosed. PGP has raised around $45 million in VC funding from firms D.E. Shaw Group, Intel Capital, DCM and Venrock. ChosenSecurity has raised around $14.5 million from .406 Ventures, Castile Ventures, Prism VentureWorks and St. Paul Venture Capital.
2 February 2010•4 mins read
