Dell to buy Texas-based data protection company [Austin American-Statesman]
(Austin American-Statesman (TX) Via Acquire Media NewsEdge) Dec. 18--Dell Inc. has done another deal.
The Round Rock-based company said Tuesday it had reached an agreement to buy Addison-based Credant Technologies, which it described as an industry leading provider of data protection solutions. No terms of the deal were disclosed.
Credant secures data sent from "endpoints" -- such as personal computers and mobile phones -- to servers, storage networks or to cloud computing environments.
The Credant solution protects and encrypts data as it moves between computers and other smart devices. The technology works within existing systems management processes and also works with multiple mobile operating systems. Credant presently secures more than 2 million "endpoints" in a variety of industries including aerospace, defense, energy, financial services, universities, government agencies, retail and health care.
Dell has made more than two dozen acquisitions over the past five years as the company has moved to move toward becoming a full-service supplier of advanced hardware, software and services. Part of Dell's emphasis has been to acquire more advanced security.
"The Credant assets will complement and extend current Dell device securities features to make Dell computers among the world's most secure," said Jeff Clarke, president of end user computing solutions at Dell.
The acquisition is expected to be completed before the end of January.
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