Hewlett-Packard Co. (HPQ) agreed to buy Voltage Security in a
deal aimed at enhancing the company's security product
offerings.
An H-P statement didn't disclose the sale price.
H-P said Voltage's encryption and tokenization technology will
complement the HP Atalla information security and encryption
business.
H-P said Voltage products are intended to "close the gaps that
exist in traditional encryption and tokenization approaches,"
providing security for functions like interacting with payment
systems and cloud-based workload management.
The deal is expected to close in the first half of fiscal
2015.
Voltage, based in Cupertino, Calif., was founded in 2002 and has
received multiple financing rounds. Trident Capital led $12 million
of Series D financing in 2007.
Hewlett-Packard said in October that it plans to split into two
parts, citing the need to stay nimble to keep up with rapidly
changing technology. One part, HP Inc., will consist of the
company's personal computer and printer businesses.
The other, Hewlett-Packard Enterprise, will sell servers,
data-storage gear, software, consulting operations and other
services for corporate-technology departments.
Executives said the enterprise company, which H-P Chief
Executive Meg Whitman will run, will be operated for growth through
a faster pace of investment in new products and through
acquisitions.
In September, H-P said it would buy cloud software company
Eucalyptus.
Write to Josh Beckerman at josh.beckerman@wsj.com
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