HP (HPQ) has signed a definitive agreement to acquire Voltage Security, a Cupertino, California-based company that provides data-centric security solutions. Terms of the transaction were not disclosed.
Art Gilliland, HP's senior vice president and general manager of enterprise security products, said Voltage's encryption and tokenization technology will complement HP Atalla, HP's information security and encryption business.
"Voltage's powerful data-centric protection solutions will join the HP Atalla portfolio, expanding HP's offerings in data classification, payments security, encryption, tokenization and enterprise key management. With Voltage, HP plans to offer customers unparalleled data protection capabilities built to close the gaps that exist in traditional encryption and tokenization approaches," he told HP MATTER.
Additionally, Voltage CEO Sathvik Krishnamurthy said his company's data-centric strategy aligns with HP's focus on end-to-end data protection, and together, Voltage and HP could help enterprises "neutralize the impact of a breach and proactively combat new security threats."
Krishnamurthy also noted that he believes HP has the scale and resources to support Voltage customers.
Voltage provides end-to-end payment system protection and serves six of the largest payment processors in the United States, and this security solutions company could help HP bolster its Atalla solutions.
HP's Atalla solutions, which were unveiled last June, are designed to help businesses safeguard their sensitive data in cloud, on-premises and mobile environments. Today, Atalla products protect 70 percent of U.S. payment card transactions, according to Gilliland.
Krishnamurthy said the Voltage transaction is expected to be finalized in the first half of HP's fiscal 2015.