HP to Acquire Voltage Security for Cloud Data Encryption

HP agreed to acquire Voltage Security, a provider of data-centric encryption, tokenization and key management solutions.  Financial terms were not disclosed.

Voltage Security holds core patents for Identity-Based Encryption (IBE) and Format-Preserving Encryption (FPE). Voltage uses these to enable end-to-end protection of payments systems, from card swipe to back-end tokenization, serving six of the largest payment processors in the U.S. today. Voltage’s solutions allow enterprises to use protected data in applications without having to re-architect their applications or adopt fragmented frameworks. This capability extends from the data center to cloud and Hadoop environments, all under a single framework. Voltage Security is based in Cupertino, California.

HP said Voltage’s proven data-centric encryption and tokenization technology will complement its own HP Atalla information security and encryption business. The company notes that the HP Atalla business currently protects 70% of U.S. payment card transactions.

http://www8.hp.com/hpnext/posts/hp-acquire-voltage-security-expand-data-encryption-security-solutions-cloud-and-big-data#.VNrmGvm-2-0

http://www.voltage.com/company/

• Voltage Security was co-founded by Matt Pauker, Guido Appenzeller, and Rishi Kacker in 2002 out of a Stanford University dorm room. Co-founders also included Dr. Dan Boneh, a Professor of Computer Science at Stanford. Sathvik Krishnamurthy has served as the company’s CEO since 2003.