Mobile Armor, which specializes in data encryption and mobile device management, is a privately held company that is majority-owned by Dolphin Equity of New York, NY. The company will bring to Trend Micro its full-disk, file/folder, and removable media encryption offerings for end point security.
For its part, Trend Micro said in a statement that the purchase would complement the company’s existing DLP, email encryption, and cloud encryption products.
“This acquisition will expand our end point security market reach and will provide our customers with proven technology for encrypting data on laptops, tablet PCs, and smartphones”, said Eva Chen, CEO of Trend Micro, in a press release statement. The chief executive of the Cupertino, Calif.-based company added that “Mobile Armor's endpoint encryption suite will enhance [Trend Micro’s] data protection portfolio for the cloud computing era”.
The companies expect the deal to close by years’ end, pending regulatory approval.