German endpoint security specialist EgoSecure acquires the full disk encryption business FinallySecure brand of SECUDE AG, a Swiss software manufacturer. This bold move establishes EgoSecure as a “one-stop shopping” offering which includes all key components of the solution portfolio allowing extreme flexibility and response to new user requirements.For SECUDE, the Spinoff is a logical step in focusing on the strategy to develop innovative security solutions for SAP environments.
This acquisition of the disk encryption business creates a classical win-win situation for both EgoSecure and SECUDE as well as the two companies’ large customer base.
„The decision to focus on the SAP security business with our new HALOCORE technology is the key business objective “, explains Dr. Heiner Kromer, CEO of SECUDE. “keeping best interest of our FinallySecure customer base in mind, divesting FinallySecure was not an easy decision. It was very important for us to find a partner who is able to meet the extremely high expectations of our customers when it comes to quality and innovative power and added value through the endpoint security focus, which Egosecure offers.”
„By acquiring the full disk encryption solution by SECUDE we can offer now one of the leading-edge products in this segment with an excellent customer base. As endpoint security specialist, our plan is to continue to enhance the solution and to provide seamless integration with our other products. The combined technologies advances the effectiveness and usability of our all-round protection of sensitive data. The FinallySecure acquisition is one more important step on our way to expand our global market position”, says Sergej Schlotthauer, CEO of EgoSecure.
Dr. Heiner Kromer sums it up: „The purchase price reflects years of continuous efforts to develop and enhance the FinallySecure solution. For us, it is important to have with EgoSecure as a highly-qualified partner who is able to provide maintenance and update services to our existing customer base, while developing and enhancing the product.“
Terms of the deal are not disclosed.
All additional information on how the solution will be integrated with the EgoSecure product portfolio is provided on the occasion of CeBIT in Hanover, starting on March 10, 2014, in Hall 12, booth C39.
SECUDE is an innovative global provider of IT data protection solutions. The company was founded in 1996 as a partnership between SAP AG and Europe’s largest application-oriented research orga- nization, Fraunhofer institute in Germany. SECUDE helps customers protect sensitive data from loss or theft and meet legal and industry requirements and guidelines. Since 2011, SECUDE has been part of the SAP® PartnerEdgeTM Value Added Reseller program and an SAP distribution partner in Germany and Switzerland. SECUDE’s focus currently extends to the field of unstructured data security and Information Rights Management (IRM) and addresses the rapidly evolving busi- ness needs of mobile and cloud security and safe digital collaboration. Today, SECUDE is trusted by a large number of Fortune 500 companies, including many DAX companies. With offices in Europe, North America and Asia, SECUDE embraces global IT security.