Security specialist Trend Micro has signed a definitive agreement to purchase data protection specialist, Mobile Armor. Mobile Armor, based in St. Louis, Missouri is majority-owned by Dolphin Equity of New York, New York. The deal, which is subject to certain closing conditions, including regulatory approvals, is expected to close before December 31st, 2010. "This acquisition will expand our endpoint security market reach and will provide our customers with proven technology for encrypting data on laptops, tablet PCs, and smartphones," said Trend Micro chief executive Eva Chen. "Mobile Armor's solutions further our vision of protecting digital information wherever it resides and complements our recent announcement of Trend Micro SecureCloud for securing and controlling data in the cloud." |