|[December 18, 2012]
Dell Reaches Agreement to Acquire Credant, an Award-Winning Provider of Data Protection Solutions
ROUND ROCK, Texas --(Business Wire)--
Dell (News - Alert) today announced it has reached an agreement to acquire Credant
Technologies, an industry-leading provider of data protection solutions
to control, manage and secure data sent from endpoints to servers,
storage and the cloud. The addition of Credant technology strengthens
Dell's computing solutions and improves the manageability, reliability
and security engineered into its enterprise computing portfolio.
Credant technology is a simple, comprehensive and transparent solution
that is easy to deploy and protects data across its full lifecycle.
Credant protects and encrypts user and corporate data - from PC to
mobile to cloud - and works with enterprises' existing systems
management processes. Further, the technology supports multiple mobile
operating systems allowing companies to confidently embrace the growing
"bring your own device" movement.
Credant secures more than 2 million endpoints with customers in a
variety of industries including, Aerospace and Defense, Energy,
Financial Services, Universities, Public Sector, Drugs and Healthcare,
Retail and Consumer, and Telecommunications, IT and Media.
Simplified Security Management. Single console for full end
user ecosystem PC, tablets, external media, mobile devices and public
Lower cost of PC lifecycle maintenance for encrypted machines.
Works seamlessly with existing IT tools and processes. Data-centric
approach to encryption doesn't interfere with existing IT maintenance
tools like patch management, application updating or password recovery.
Flexible data protection. Protects wherever data goes from
smart phone to the cloud including core PC device data, largest
variety of removable media, self-encrypting drives, MS BitLocker
clients, mobile devices and end user data in the cloud.
Ease in deployment and provisioning. Provision users up to 5.5x
faster than competiive solutions - saving more than three hours per
PC. Remotely manage end point encryption and authentication policies
from single console.
High levels of security and protection. The Dell Hardware
Encryption Accelerator solution equips end-user systems with
military-grade protection. It also reaches the highest level of U.S.
Federal Information Processing Standards (FIPS) certification for
endpoint disk encryption commercially available, 140-2 Level 3.
Dell has taken significant steps over the past three years to expand its security
portfolio to offer customers a complete range of world-class
security solutions. Today, Dell delivers comprehensive solutions to help
customers identify the appropriate technologies and services to manage
risk, regardless of the resources available to manage security. Dell's
security services and solutions enable organizations of all sizes to
protect their IT assets, comply with regulations and reduce security
Financial details of the transaction were not disclosed.
"In today's work environment data is always in-flight -- from work being
done on a local PC, being sent via email, stored on a USB drive and
saved in the cloud. Each one of those experiences represents a potential
security risk. As a result, businesses need a data protection strategy
that is comprehensive, flexible and easy to deploy," said Jeff Clarke,
president, End User Computing Solutions at Dell. "The Credant assets
will complement and extend current Dell device security features to make
Dell Latitude, OptiPlex and Dell Precision computers among the world's
most secure. When combined with the change in compute behaviors and data
in-flight, Dell can now offer a differentiated security proposition
based on its own intellectual property."
"Protecting critical information has only become more important as
organizations globally struggle to protect their data in an ever more
complex world," said Bob Heard, chief executive officer and founder of
Credant. "This combination allows Credant to bring its deep capabilities
in data security to Dell's robust solution set and customer
base. Together, we will continue to focus on innovation and building
value that result in beneficial outcomes for our customers."
Credant was founded in 2001 and is headquartered in Addison, Texas. Dell
has a long-standing joint development partnership and OEM agreement with
Credant and uses its technology in its Dell Data Protection|Encryption
Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative
technology and services that give them the power to do more. For more
information, visit www.dell.com.
Dell, Latitude, OptiPlex and Dell Precision are trademarks of Dell Inc.
Dell disclaims any proprietary interest in the marks and names of others.
Special Note: Statements that relate to future results and events are
forward-looking statements based on Dell's current expectations. Actual
results and events in future periods may differ materially from those
expressed or implied by these forward-looking statements because of a
number of risks, uncertainties and other factors. Risks, uncertainties
and assumptions include the possibility that projected benefits may not
materialize as expected; that the transaction may not be timely
completed, if at all; that Dell is unable to successfully implement the
plans, strategies and objectives of management for future operations,
including the execution of integration strategies; and other risks that
are described in Dell's Securities and Exchange Commission reports. Dell
undertakes no obligation to update these forward-looking statements.
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