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News >> Technology >>
Indian IT security company acquired by RSA
By siliconindia
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Wednesday, 07 February 2007, 18:30 IST
New Delhi: RSA, the Security Division of EMC Corporation (NYSE: EMC) will be acquiring Valyd Software, a privately owned Indian IT company for an undisclosed sum.
The acquisition will be completed before the end of the first quarter of 2007. This is a significant expansion plan from RSA in securing and protecting data for organisations and customers. The R&D sector of Valyd, in Hyderabad will play a key role in helping RSA in development of data securing technology.
?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, The Security Division of EMC.
According to Manoj Chugh, President, EMC India & SAARC region, ?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.?
RSA is also working with CipherOptics, Decru, NeoScale and other industry leaders 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.