Trend Micro Acquires Mobile Armor, Beefs Up Data Protection
Trend Micro has closed the deal of acquiring Mobile Armor, a company specializing on data protection.
Trend Micro’s acquisition of Mobile Armor is believed to beef up its data protection measures that would help address concerns over data security on mobile devices. Many have raised their problems lately about personal data stored in devices like laptops, tablets, and smartphones that have been easily lost or stolen.
A recent Gartner report noted that a large magnitude of losses and theft in mobile devices had reached hundreds of thousands in number, compounded by unauthorized reproduction of data and improper upgrading of these devices in which the old data could not be removed.
In a press release, Trend Micro noted that the rate with which endpoint encryption grows in the market is estimated by IDC at 14 percent CAGR through 2014. The press release added that some tougher regulations enacted by the government to strengthen the campaign for data protection include the U.S. HITECH Act, the U.K. Data Protection Act, and the German Federal Data Protection Act.
Mobile Armor uses full-disk, file and folder, and removable media encryption in delivering its data protection services. The merger of the two companies will provide critical security for laptops, tablets, and smartphones for the customers, Trend Micro CEO Eva Chen said.
The merger places Trend Micro at par with its rivals like Symantec that has previously moved to secure mobile devices with its new tools. McAfee is also a key player in the industry recently acquired by Intel that provides mobile devices data protection through a mix of intellectual property and expertise.