PGP is back home again, newly formed company will continue development

Shaith · Aug 19, 2002, 10:00 PM

PGP Corporation Announces Purchase of PGP Desktop and Wireless Assets
from Network Associates

Technology, Venture Funding, and Management team launch the new company

Palo Alto, Calif. (Aug 19, 2002) – PGP Corporation, the recognized worldwide leader in secure messaging and data storage, today announced the completion of its acquisition of the PGP Desktop and Wireless encryption product lines from Network Associates, Inc. The PGP purchase –a buyback of a portion the assets PGP sold to Network Associates in December 1997, coincides with an investment of $14 million by DCM - Doll Capital Management and Venrock Associates, and the announcement of a senior management team comprised of technology industry veterans and former PGP executives, provides the foundation of the new company.

PGP will immediately license and support current versions of PGP products to current, former, and new PGP customers. PGP products, in use today by thousands of corporate/government users and millions of individual users worldwide, are available today from the company at https://store.pgp.com/.

“Reacquiring the PGP product line gives us an established, trusted product set, a well-respected code base, and a worldwide customer base,” said Phil Dunkelberger, PGP Corporation President and CEO. “We look forward in the future to extending the product line and creating a next generation platform for secure messaging and data storage.”

Assets acquired include:

PGP Mail, PGP File, PGP Disk, & PGP Admin software products for Windows and Macintosh
PGP Corporate Desktop for Macintosh
PGP Keyserver for Windows and Solaris
PGP Wireless for PalmOS and WinCE/PocketPC
PGP SDK encryption software development kit

Network Associates retained certain products that were developed using the PGP SDK encryption development software tools. Network Associates has been given a license to continue to maintain and update these PGP based products. Assets not acquired include:

McAfee E-Business Server (formerly called PGP E-Business Server or PGP Command Line)
McAfee Desktop Firewall for Win32 platforms
McAfee VPN Client for Win32 platforms

Aug 19, 2002, 10:00 PM	#1
Shaith HardwareHeaven Senior Member Join Date: May 2002 Posts: 916 Rep Power: 0	PGP is back home again, newly formed company will continue development PGP Corporation Announces Purchase of PGP Desktop and Wireless Assets from Network Associates Technology, Venture Funding, and Management team launch the new company Palo Alto, Calif. (Aug 19, 2002) – PGP Corporation, the recognized worldwide leader in secure messaging and data storage, today announced the completion of its acquisition of the PGP Desktop and Wireless encryption product lines from Network Associates, Inc. The PGP purchase –a buyback of a portion the assets PGP sold to Network Associates in December 1997, coincides with an investment of $14 million by DCM - Doll Capital Management and Venrock Associates, and the announcement of a senior management team comprised of technology industry veterans and former PGP executives, provides the foundation of the new company. PGP will immediately license and support current versions of PGP products to current, former, and new PGP customers. PGP products, in use today by thousands of corporate/government users and millions of individual users worldwide, are available today from the company at https://store.pgp.com/. “Reacquiring the PGP product line gives us an established, trusted product set, a well-respected code base, and a worldwide customer base,” said Phil Dunkelberger, PGP Corporation President and CEO. “We look forward in the future to extending the product line and creating a next generation platform for secure messaging and data storage.” Assets acquired include: PGP Mail, PGP File, PGP Disk, & PGP Admin software products for Windows and Macintosh PGP Corporate Desktop for Macintosh PGP Keyserver for Windows and Solaris PGP Wireless for PalmOS and WinCE/PocketPC PGP SDK encryption software development kit Network Associates retained certain products that were developed using the PGP SDK encryption development software tools. Network Associates has been given a license to continue to maintain and update these PGP based products. Assets not acquired include: McAfee E-Business Server (formerly called PGP E-Business Server or PGP Command Line) McAfee Desktop Firewall for Win32 platforms McAfee VPN Client for Win32 platforms